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