Garden Reach Shipbuilders & Engineers Ltd, a leading shipbuilding company under the Ministry of Defence, reported its financial results for the quarter ended September 30, 2024, showcasing robust year-on-year growth in both revenue and profit.
For Q2 FY25, the company reported:
- Revenue from Operations: Rs 1,152.93 crore, a significant increase of 28.7% from Rs 897.91 crore in the same quarter of the previous fiscal year.
- Total Income: Rs 1,227.84 crore, up from Rs 969.46 crore in Q2 FY24.
- Profit Before Tax (PBT): Rs 130.53 crore, compared to Rs 107.48 crore in Q2 FY24.
- Net Profit: Rs 97.77 crore, marking a 21.1% increase from Rs 80.74 crore in the corresponding quarter last year.
The company’s strong performance was driven by higher revenue from operations and a strategic focus on cost management. Garden Reach Shipbuilders continues to maintain its market position with a steady pipeline of defense-related orders, supporting long-term growth.
