GRSE shares soar 16% after strong Q4; net profit jumps 24% YoY to Rs 303 crore

Shares of state-run Garden Reach Shipbuilders & Engineers (GRSE) rallied as much as 16% to their day’s high of Rs 3,339 on the BSE on Wednesday, after it reported a net profit of Rs 303 crore for the quarter ended March 31, 2026, up 24% from Rs 244 crore in the same period last year.

Revenue from operations rose 29% to Rs 2,119 crore in Q4FY26, compared with Rs 1,642 crore in the January-March quarter of FY25.

The defence PSU posted EBITDA of Rs 426 crore during the quarter, marking a 27% increase from Rs 335 crore a year earlier.

GRSE also reported strong overall financial performance, with total income rising 24.72% YoY to Rs 2,190 crore, compared with Rs 1,756.25 crore in Q4FY25.

Profit before tax (PBT) increased 26.98% YoY to Rs 410.85 crore, against Rs 323.55 crore in the corresponding quarter last year.

Earnings per share (EPS) climbed 24.14% YoY to Rs 26.47, up from Rs 21.32, reflecting stronger profitability and margin expansion.

Commenting on the results, Chairman and Managing Director Cmde PR Hari said FY26 was a landmark year for GRSE, with strong operational execution translating into solid financial performance.He said the company delivered eight warships during the year, equivalent to one ship every one-and-a-half months, calling it a notable achievement. He added that GRSE plans to maintain this pace through capability enhancement, adoption of new technologies and calibrated business diversification.

For the full year FY26, GRSE reported PAT of Rs 748 crore, compared with Rs 527 crore in FY25, registering 42% YoY growth. Revenue rose 38% to Rs 7,002 crore versus Rs 5,076 crore in FY25.

The company’s board has recommended a final dividend of Rs 6.70 per equity share for FY2025-26, subject to shareholder approval at the 110th Annual General Meeting (AGM). The dividend will be paid within 30 days of declaration at the AGM, the company said in its filing.

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