Garden Reach Shipbuilders & Engineers Ltd. (GRSE) saw its shares rise nearly 3% after posting strong Q3 FY25 results. As of 9:20 AM, the shares were trading 2.36% higher at Rs 1,543.50.
The company reported a 37% YoY revenue growth to ₹1,271 crore, while net profit increased by 12% to ₹98 crore. EBITDA saw a significant 55% surge, reaching ₹75.63 crore. Margins expanded by 70 basis points to 5.95% from 5.27% in the year-ago quarter, reflecting improved operational efficiency.
Adding to investor enthusiasm, GRSE declared its highest-ever interim dividend of ₹8.95 per share, surpassing last year’s ₹7.92 per share. The record date for dividend eligibility is February 7, 2025.
The company’s management expressed confidence in its robust order book, with ongoing projects progressing as planned. GRSE also anticipates new orders in the coming months, further strengthening its growth trajectory.
Garden Reach Shipbuilders & Engineers Ltd. shares opened at ₹1,548.40, reaching a high of ₹1,567.70 and a low of ₹1,532.10. The stock is currently far from its 52-week high of ₹2,833.80 and its low of ₹673.45.
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