GRSE shares rally 15.52% after company announces record revenue and net profit in FY25, declares 138.5% dividend

BUSINESS

GRSE shares rally 15.52% after company announces record revenue and net profit in FY25, declares 138.5% dividend

AIMPWA

May 14, 2025

Table of Content

The shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) rallied 15.52 per cent or ₹297.20 to end today at ₹2,212.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) announced its highest-ever financial results for FY25 on Tuesday, with a 48 per cent jump in profit after tax to ₹527 crore, compared to ₹357 crore in the previous fiscal year.

The defence shipbuilder’s total income surged 39 per cent year-on-year to ₹5,411 crore, while revenue from operations increased 41 per cent to ₹5,076 crore. Earnings before interest, tax, depreciation, and amortization grew 42 per cent to ₹756 crore.

For the quarter ending March 31, 2025, GRSE reported a 118 per cent increase in profit after tax to ₹244 crore, with quarterly revenue growing 62 per cent to ₹1,642 crore compared to the same period last year.

The company’s board has recommended a final dividend of ₹4.90 per equity share for FY25. Combined with the interim dividend of ₹8.95 per share already paid, the total dividend amounts to 138.5 per cent of paid-up share capital, up from 93.6 per cent in the previous year.

CMD Cmde Hari PR expressed confidence in a continued strong performance, citing the company’s robust order book and production maturity of ongoing projects, including P17A and NGOPV.

GRSE, a Schedule ‘A’ Mini Ratna Category I company under the Ministry of Defence, has built 800 platforms, including 111 warships for the Indian Navy, Indian Coast Guard, and foreign countries — the highest number by any Indian shipyard to date.

Published on May 14, 2025

Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation

AIMPWAAugust 5, 2025

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight...

Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

AIMPWAAugust 5, 2025

Indian startup Jeh Aerospace founders Vishal Sanghavi and Venkatesh Mudragalla have had a front row seat to the commercial aircraft sector and its growing production bottleneck. The two former Tata Group executives spent close to two decades in different positions at the company and worked on projects that included participation from global aerospace companies, including...

What founders should think about if looking to raise a Series C

AIMPWAAugust 4, 2025

Startup founders face a perplexing and even contradictory capital market in 2025, according to Sapphire Ventures partner Cathy Gao. “Capital isn’t scarce. But access to that capital is harder than ever,” she said. Gao, who spoke at TechCrunch’s All Stage conference in July, said it’s possible for startup founders, especially those in the later Series...

A top designer was banned from Dribbble. Now he’s building his own competitor.

AIMPWAAugust 4, 2025

Dribbble has permanently banned dozens of designers from its platform following a new effort to pivot to a marketplace and chase monetization. This includes one of the platform’s most well-known designers, Gleb Kuznetsov, founder of the San Francisco-based design studio Milkinside. Dribbble deleted his account with its over 210 million followers because he shared his contact information with prospective clients through...

CICU Urges MSME Ministry To Modernise Tool Rooms, Simplify Support Schemes

AIMPWAAugust 4, 2025

Ludhiana, Aug 4 (KNN) A delegation from the Chamber of Industrial & Commercial Undertakings has called upon the government to modernise aging industrial infrastructure and streamline complex support schemes that are hampering growth in the country’s micro, small, and medium enterprise (MSME) sector. The industry representatives argue that current bureaucratic processes are preventing smaller businesses...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION