Garden Reach Shipbuilders share price edged up by 1% to ₹2,555 on August 11 after the company announced robust financial results for the June quarter. The defence PSU posted strong growth across revenue, profits, and operational performance.
Market Performance
- In 2025 so far, the stock has surged 52%, significantly outperforming the Nifty 50’s 2% rise during the same period.
- The latest gains came after the release of impressive Q1FY26 earnings.
Revenue
- Q1FY26 Revenue: ₹1,310 crore
- Q1FY25 Revenue: ₹1,010 crore
- Growth: 30% YoY
Net Profit
- Q1FY26 Net Profit: ₹120 crore
- Q1FY25 Net Profit: ₹87 crore (approx., based on 38% YoY growth)
- Growth: 38% YoY
EBITDA
- Q1FY26 EBITDA: ₹112 crore
- Q1FY25 EBITDA: ₹56 crore
- Growth: 101% YoY
EBITDA Margins
- Q1FY26 Margin: 8.5%
- Q1FY25 Margin: 5.5%
- Expansion: 300 basis points
Company Details
Garden Reach Shipbuilders and Engineers (GRSE) is one of India’s leading defence shipbuilders, with a strong portfolio of naval and commercial vessels. The company is currently working on high-value projects, including:
- Next-gen Corvettes (NGCs): Over ₹25,000 crore in value.
- Anti-Submarine Warfare (ASW) Shallow Water Crafts project.
As of the March quarter, GRSE’s order book stood at ₹22,680 crore, with peak execution expected by the end of FY26.
Recently, the company signed a non-binding MoU with Reintjes GmbH, Germany, to explore collaborations in integrating propulsion gear trains with ship engines built at GRSE’s shipyard.
Summary
The Garden Reach Shipbuilders share price received a boost following its stellar Q1FY26 results. With double-digit growth in revenue and profits, over 100% surge in EBITDA, and an expanding order book, the company continues to strengthen its position in India’s defence manufacturing sector.
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