Garden Reach Shipbuilders & Engineers has delivered exceptional financial performance in FY26, achieving its highest-ever revenue and profit. The defense shipbuilding company recorded landmark results with significant growth across all major financial parameters, reflecting robust operational efficiency and strong demand in the maritime defense sector. The Board of Directors approved the audited financial results at its meeting held on 28 Apr 2026.

Record-Breaking Annual Performance

The company's FY26 results demonstrate unprecedented growth momentum across key financial metrics:

Strong Q4 Quarter Results

The fourth quarter performance continued the strong momentum with robust growth across all parameters. The latest data shows impressive margin expansion alongside revenue growth:

Operational Excellence and Delivery Performance

Commenting on the results, Cmde PR Hari, Chairman and Managing Director, stated that FY26 marks a landmark year for GRSE wherein robust physical performance has been translated into strong financial results. During the year, the company delivered 8 warships, achieving a delivery rate of one ship every one and a half months, representing a credible achievement by industry standards.

Shareholder Returns and Dividend Declaration

Reflecting its strong financial performance and cash generation capabilities, the Board of Directors has recommended a final dividend of ₹6.70 per equity share for FY26, subject to the approval of the shareholders at the ensuing Annual General Meeting. The final dividend would be paid within 30 days from the date of its declaration at the 110th AGM of the Company.

Financial Health and Key Ratios

The company's financial health indicators show strong performance across multiple parameters:

Investor and Analyst Conference Call

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Garden Reach Shipbuilders & Engineers has scheduled a conference call for investors and analysts to discuss the audited financial results for the quarter and year ended 31st March, 2026. The management will comment on the company's performance during the call.

The comprehensive financial performance across revenue growth, margin expansion, and profitability improvement positions Garden Reach Shipbuilders & Engineers favorably for continued growth in the defense shipbuilding sector.

Garden Reach Shipbuilders & Engineers Limited has announced the appointment of Shri Dinesh Mahur as Part-Time Official Director (Government Nominee Director) effective April 30, 2026. The appointment follows a directive from the Ministry of Defence, Government of India, issued through letter No. 8(32)/2019-D(Coord/DDP) dated April 27, 2026.

Official Appointment Details

The company filed the necessary disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing was submitted to both National Stock Exchange of India Limited and BSE Limited on April 30, 2026.

Professional Background

Shri Dinesh Mahur brings extensive experience from the Indian Telecom Service, having joined the 1992 batch. His career spans multiple government departments and organizations, demonstrating diverse administrative expertise across various sectors including telecommunications, broadcasting, mining, and defence.

Key Career Positions

• Ministry of Home Affairs: Director (2011-16)
• Prasar Bharti: Additional Director General (2016-2020)
• Ministry of Mines: Joint Secretary (2024-25)
• Ministry of Defence: Additional Secretary (current position)

Educational Qualifications

Shri Mahur holds multiple academic credentials that complement his administrative experience:

• Engineering graduate from National Institute of Technology, Allahabad (1991)
• MA in Social Studies from International School of Social Studies, The Hague, Netherlands (2014)
• PGDM in Public Policy and Management from Management Development Institute, Gurugram (2024)

International Experience

Notably, Shri Mahur has international business experience, having established telecom companies with investment from Indian PSUs in Nepal and Mauritius. He has also worked in leadership positions with these international ventures, bringing valuable cross-border operational knowledge to his new role.

Compliance and Independence

The company has confirmed that Shri Dinesh Mahur is not debarred from holding the office of Director by SEBI or any other statutory authority. Additionally, he has no inter-se relationship with other Directors in the company and does not hold any equity shares of Garden Reach Shipbuilders & Engineers Limited, ensuring independence in his government nominee capacity.