Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a key player in India’s defense shipbuilding sector, saw its shares jump over 5% in morning trading following robust Q2 FY25 financial results. The company showcased notable year-on-year growth across revenue and profit metrics.
Key Highlights:
- Revenue from Operations: GRSE posted Rs 1,152.93 crore, a 28.7% increase from Rs 897.91 crore in Q2 FY24.
- Total Income: Reached Rs 1,227.84 crore, up from Rs 969.46 crore last year.
- Profit Before Tax (PBT): Improved to Rs 130.53 crore, from Rs 107.48 crore in the prior year.
- Net Profit: Recorded at Rs 97.77 crore, a 21.1% rise compared to Rs 80.74 crore in Q2 FY24.
As of 9:16 am, Garden Reach shares were trading 5.49% higher at Rs 1461.70 on the NSE.
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