Shares of Garden Reach Shipbuilders & Engineers Limited rallied sharply by over 7% in early morning trade on April 29, 2026, following a robust set of Q4 FY26 earnings and a dividend announcement that boosted investor sentiment.
The defence PSU delivered a strong financial performance for the quarter ended March 31, 2026, driven by healthy execution and improved operating efficiency. Alongside its results, the company declared a final dividend of ₹6 per share, reinforcing confidence among shareholders. The dividend is set to be paid within 30 days of declaration at the company’s 110th Annual General Meeting, as per its exchange filing.
Financially, the company reported a 24% year-on-year increase in net profit, which rose to ₹303 crore compared to ₹244 crore in the same period last year. Revenue also saw a sharp jump of 29%, crossing ₹2,119 crore from ₹1,642 crore in the corresponding quarter of the previous fiscal, indicating strong order execution and demand visibility.
Operational performance stood out as a key highlight. EBITDA surged 61% year-on-year to ₹355 crore from ₹221 crore, reflecting improved cost efficiency and better project mix. The EBITDA margin expanded significantly to 16.8%, compared to 13.4% in the year-ago period, underscoring enhanced profitability.
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