Garden Reach Shipbuilders Reports Robust Q2 Results with 53% Surge in Net Profit

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a prominent player in the shipbuilding industry, has reported impressive financial results for the second quarter of the fiscal year. The company's performance showcases significant growth across key financial metrics, indicating strong operational efficiency and market demand.

Financial Highlights

GRSE's financial performance for Q2 has shown remarkable improvement year-over-year:

Metric	Q2 Current Year	Q2 Previous Year	YoY Change
Net Profit	₹1,500.00 crore	₹978.00 crore	53.4%
Revenue	₹16,800.00 crore	₹11,500.00 crore	46.1%
EBITDA	₹1,600.00 crore	₹687.00 crore	132.9%
EBITDA Margin	9.31%	5.96%	335 bps

The company's net profit saw a substantial increase of 53.4%, rising to ₹1,500.00 crore from ₹978.00 crore in the same quarter of the previous year. This growth in profitability is particularly noteworthy given the challenging economic environment many industries have faced.

Revenue and Operational Performance

Garden Reach Shipbuilders' revenue witnessed a significant uptick, growing by 46.1% to reach ₹16,800.00 crore, compared to ₹11,500.00 crore in the corresponding quarter of the previous year. This substantial increase in revenue suggests strong order execution and possibly an expansion in the company's order book.

Profitability and Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) more than doubled, showing a remarkable increase of 132.9% to ₹1,600.00 crore, up from ₹687.00 crore in the same period last year. This significant improvement in EBITDA indicates enhanced operational efficiency and better cost management.

The EBITDA margin also saw a considerable improvement, expanding by 335 basis points to reach 9.31%, compared to 5.96% in the previous year. This margin expansion reflects the company's ability to improve its profitability while scaling up operations.

Investor Communication

GRSE has scheduled an earnings conference call for Tuesday, 11th November, to discuss the unaudited financial results for the quarter and half-year ended 30th September. This call will provide an opportunity for investors and analysts to gain deeper insights into the company's performance and future outlook.

The strong financial performance of Garden Reach Shipbuilders & Engineers Ltd in Q2 demonstrates the company's resilience and operational excellence. The significant improvements across revenue, profitability, and operational efficiency metrics position GRSE favorably in the shipbuilding sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.39%	+0.70%	-5.03%	+43.58%	+63.36%	+1,242.08%

Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a leading defense public sector undertaking under the Ministry of Defence, has reported a strong financial performance for the second quarter of the fiscal year 2025-26, alongside declaring an interim dividend.

Financial Highlights

GRSE has demonstrated significant growth across key financial metrics for Q2 FY2025-26:

Particulars (in ₹ crore)	Q2 FY2025-26	Q2 FY2024-25	YoY Change
Revenue	1,680.00	1,150.00	+46.09%
EBITDA	160.00	68.70	+132.90%
EBITDA Margin	9.31%	5.96%	+335 bps
Net Profit	150.00	97.80	+53.37%

The company's revenue surged to ₹1,680 crore in Q2 FY2025-26, marking a substantial increase of 46.09% compared to ₹1,150 crore in the same quarter of the previous fiscal year.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a remarkable growth of 132.90%, reaching ₹160 crore, up from ₹68.70 crore in the corresponding quarter of the previous year. This growth translated into an improved EBITDA margin of 9.31%, a significant increase of 335 basis points from 5.96% in Q2 FY2024-25.

Net profit for the quarter stood at ₹150 crore, representing a robust year-on-year growth of 53.37% from ₹97.80 crore in Q2 FY2024-25.

Interim Dividend Declaration

The Board of Directors of GRSE has declared an interim dividend of ₹5.75 per equity share for the financial year 2025-26. This dividend, with a face value of ₹10 per share, amounts to a total payout of ₹65.87 crore.

The company has set Tuesday, 11th November, 2025, as the Record Date for determining shareholders eligible to receive the interim dividend.

Half-Yearly Performance

For the half-year ended 30th September 2025, GRSE reported:

Total income of ₹3,128.49 crore
Profit before tax of ₹376.08 crore
Net profit after tax of ₹273.96 crore

Company Outlook

Garden Reach Shipbuilders & Engineers Ltd. continues to play a crucial role in India's defense manufacturing sector. The company's robust order book and strategic position in the defense shipbuilding sector may contribute to future growth. However, future performance may be subject to various factors including project timelines, order inflows, and broader economic conditions.

Note: The financial figures mentioned in this article are based on the unaudited financial results for the quarter and half-year ended 30th September, 2025, as reported by the company.