Garden Reach Shipbuilders & Engineers Ltd Q3 FY26 Results
GRSEQ3 FY26 ResultsAnnounced 28 Jan, 5:02 pm| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.9K | 13.0% | 49.1% |
| Total Income | 2.0K | 12.1% | 45.8% |
| Expenditure | 1.7K | 13.2% | 43.9% |
| PBT | 217.77 | 4.0% | 62.8% |
| Net Profit | 170.77 | 11.0% | 73.9% |
| OPM | 9.07% | 0.24pp | 5.29pp |
| NPM | 8.72% | 0.09pp | 1.41pp |
| EPS | 14.91 | 11.0% | 74.0% |
GRSE Reports 46% Y-o-Y Growth in Q3FY26 Total Income, Declares 2nd Interim Dividend
28 Jan 2026 · 28 Jan, 6:43 pm
Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has announced its financial results for the third quarter & nine months ended December 31, 2025. The company reported a 46% Y-o-Y growth in Total Income for Q3FY26, which stood at Rs. 1,958 Crore against Rs. 1,343 Crore in Q3FY25. The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stands at Rs. 234 Crore in Q3FY26, as against Rs 147 Crore in Q3FY25. GRSE also declared a 2nd Interim Dividend for the Financial Year 2025-26 @ 7.15% per equity share.
Key Highlights
- 1
Total Income for the Q3FY26 stood at Rs. 1,958 Crore against Rs. 1,343 Crore in Q3FY25 with growth of 46% (Y-0-Y).
- 2
Revenue from Operation has increased to Rs. 1,896 Crore in Q3FY26 from Rs. 1,271 Crore in Q3FY25, registering a growth of 49% (Y-o-Y).
- 3
The Earnings before Interest, Tax, Depreciation and Amortization stands at Rs. 234 Crore in Q3FY26, as against Rs 147 Crore in Q3FY25, with an increase of 59%.
- 4
Profit Before Tax (PBT) is Rs. 218 Crore for Q3FY26 as compared to Rs 134 Crore in Q3FY25, registering a growth of 63% (Y-o-Y).
- 5
Profit After Tax (PAT) is Rs. 171 Crore in Q3FY26 as against Rs. 98 Crore in Q3FY25, registering a growth of 74% (Y-o-Y).
- 6
Total income stood at Rs. 5,086 Crore in 9MFY26 as against Rs. 3,654 Crore in 9MFY25, registering a growth of 39%
- 7
The Company’s EBITDA reported at Rs. 643 Crore in 9MFY26 against Rs. 421 in 9MFY25, registering a growth of 53%
- 8
Profit Before Tax (PBT) stood at Rs. 594 Crore in 9MFY26 against Rs. 380 Crore in 9MFY25, registering a growth of 56%
- 9
Profit After Tax (PAT) stood at Rs. 445 Crore in 9MFY26 against Rs. 283 Crore in 9MFY25, registering a growth of 57%
Management Comments
Cmde PR Hari
IN (Retd), Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited
With a strong set of numbers recorded during Q3 FY26, we are well on track to register our best-ever financial performance during the current financial year and declared for the first time, 2nd Interim Dividend for the Financial Year 2025-26 @ 7.15% per equity share. We have delivered five warships so far during the year and are currently executing 10 major shipbuilding projects comprising of 42 platforms. Our other verticals, like Ship Repairs, Portable Steel Bridges and Naval Weapon Systems are also doing well. With the Next Generation Corvette contract on the anvil, we are confident of ending the current financial year with an orderbook of around Rs. 50000 Crore.
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