Shares of Garden Reach Shipbuilders & Engineers Ltd. (GRSE) rallied over 10% to ₹2,113.90 on Tuesday, making it one of the top gainers on the NSE. The surge came after the company reported stellar financial performance for the quarter ended March 31, 2025, with net profit more than doubling year-on-year.
According to the exchange filing, GRSE reported a net profit of ₹244 crore in Q4 FY25, a jump of 119% from ₹111.6 crore reported in the same quarter of the previous fiscal. The strong earnings were driven by a sharp rise in revenue and improved operational efficiency.
Q4 FY25 Performance Highlights (YoY):
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Revenue: ₹1,642 crore, up 62% from ₹1,015.7 crore
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EBITDA: ₹220.95 crore, up 145% from ₹90.35 crore
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EBITDA Margin: Expanded to 13.5% from 8.9%
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Net Profit: ₹244 crore, up 119% from ₹111.6 crore
The strong order execution and margin expansion reflect GRSE’s continued operational momentum and its critical role in India’s defence shipbuilding programme.
Dividend Announcement:
In addition to the strong results, the Board of Directors of GRSE recommended a final dividend of ₹4.9 per equity share for FY24-25. This is subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid to eligible shareholders within 30 days of the AGM.
