Garden Reach Shipbuilders Reports Strong Q1 Growth with Revenue Up 30% and Profit Rising 38%
Garden Reach Shipbuilders and Engineers Ltd (GRSE) has reported exceptional Q1 financial results, exceeding analyst projections. Revenue increased by 30% year-over-year to ₹13,000 crore, while net profit rose 37.61% to ₹1,200 crore. EBITDA nearly doubled to ₹1,120 crore, with the EBITDA margin improving to 8.62%. The company's strong performance is likely due to advanced execution of P17A Frigates orders and improved operational efficiency. GRSE maintains a robust order book of ₹22,680 crore, with anticipation of peak execution by the end of the current financial year.

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Garden Reach Shipbuilders and Engineers Ltd (GRSE) has reported impressive financial results for Q1, surpassing analyst expectations and demonstrating robust growth across key metrics.
Q1 Financial Performance
GRSE reported the following results for Q1:
Metric | Q1 (Current) | Q1 (Previous Year) | YoY Change |
---|---|---|---|
Revenue | ₹13,000.00 | ₹10,000.00 | +30.00% |
Net Profit | ₹1,200.00 | ₹872.00 | +37.61% |
EBITDA | ₹1,120.00 | ₹563.00 | +98.93% |
EBITDA Margin | 8.62% | 5.63% | +299 bps |
The company's performance exceeded analyst projections, which had estimated revenue of ₹1,441.00 crore.
Key Highlights
- Revenue increased by 30.00% year-over-year, reaching ₹13,000.00 crore.
- Net profit rose by 37.61% to ₹1,200.00 crore from ₹872.00 crore in the same period last year.
- EBITDA nearly doubled to ₹1,120.00 crore from ₹563.00 crore.
- EBITDA margin improved significantly to 8.62% from 5.63% in the previous year.
Factors Contributing to Growth
While specific details were not provided, the strong performance is likely attributed to:
- Advanced execution of P17A Frigates orders.
- Improved operational efficiency, as reflected in the expanded EBITDA margin.
Outlook and Future Projects
Investors and analysts will continue to focus on:
- The award date for Next-gen Corvettes, a project valued at over ₹25,000.00 crore.
- Progress on the execution of Anti-Submarine Warfare (ASW) Shallow Water Crafts.
Order Book and Execution
As of the previous quarter, Garden Reach Shipbuilders maintained a robust order book of ₹22,680.00 crore. The company's management has previously expressed optimism, anticipating peak execution by the end of the current financial year.
The strong Q1 results suggest that GRSE is on track to meet or potentially exceed these expectations.
These results demonstrate Garden Reach Shipbuilders' continued growth and operational improvements, positioning the company favorably in the shipbuilding sector.
Historical Stock Returns for Garden Reach Shipbuilders
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.15% | -2.44% | -11.15% | +67.59% | +20.67% | +1,060.28% |