Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose 2% on Thursday to hit an intraday high of Rs 2,274 on the NSE after the company reported a 12% year-on-year rise in Q2 FY27 net profit to Rs 171.97 crore. Revenue for the quarter increased 9% to Rs 1,827 crore.
According to an exchange filing, GRSE had reported a net profit of Rs 153.79 crore and revenue of Rs 1,677 crore in Q2 FY26.
Also Read | GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9%
The total income for Q2FY27 was recorded at Rs 1,886 crore, registering a growth of 8% on a year-on-year basis from Rs 1,746 crore in Q2FY26. The company’s total expenses rose nearly 8% YoY to Rs 1,654 crore during the second quarter of FY27, from Rs 1,537 crore reported in the year-ago period. This was driven by a 60% surge in total expenses to Rs 1.09 lakh crore.
The shipbuilder’s net profit margin inched slightly higher at 9.47% in Q2 FY27 from 9.17% in the corresponding quarter of the previous financial year. Its earnings per share increased to Rs 30.10 apiece from Rs 23.92 in the same period last year.
EBITDA for Q2FY27 was reported at Rs 254 crore registering a growth of 13% from Rs 225 crore in Q2FY26.
“The Q2 & H1 FY27 results have been encouraging, with GRSE once again delivering a strong financial performance. The quarter marked several significant milestones for GRSE, including the launch of the second Next Generation Offshore Patrol Vessel ‘Shruti’ for the Indian Navy & an Ocean Research Vessel ‘Sagar Manthan’ for NCPOR, Ministry of Earth Sciences, and the Bhumi Pujan of three new major brownfield infrastructure projects in West Bengal,” said Cmde PR Hari, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers.“These developments underscore GRSE’s continued commitment to strengthening indigenous shipbuilding capabilities, expanding infrastructure and contributing to India’s maritime security and defence preparedness in line with the vision of Aatmanirbhar Bharat,” he further said.
Garden Reach Shipbuilders & Engineers (GRSE) share price
Shares of Garden Reach Shipbuilders & Engineers (GRSE) gained 5.12% over the past week and 7.92% in the last month. However, the stock has declined 8% so far in the current calendar year and 20.23% over the past year.
Over a longer period, the stock has delivered strong returns, rising 188.78% in the last three years and 746.53% in the last five years.
Also Read | GRSE shares jump 9% after signing Rs 32,000 crore Indian Navy contract for five next-generation corvettes
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