Garden Reach Shipbuilders & Engineers (GRSE) shares surged over 2% in Thursday’s trade after the company reported stellar financial results for the quarter ended September 2025 (Q2 FY26). The defence PSU delivered robust growth across all key metrics, backed by strong execution and higher order book realisations.
The company’s revenue jumped 45.5% year-on-year to ₹1,677 crore, compared to ₹1,153 crore in the same period last year. Operating performance also improved significantly, with EBITDA rising to ₹156 crore from ₹68.7 crore a year ago. The EBITDA margin expanded to 9.3% from 6%, reflecting improved cost efficiency and project mix.
Net profit soared 57.3% YoY to ₹154 crore, up from ₹97.8 crore in Q2 FY25, driven by higher revenue and better operating leverage.
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