GRSE Q1 Results: PAT surges 38% YoY to Rs 120 crore, revenue up 30%

Garden Reach Shipbuilders & Engineers (GRSE) on Friday announced its first quarter for FY26, posting a profit after tax (PAT) of Rs 120.17 crore, up 37.8% YoY from Rs 87.19 crore in the year-ago period. The company’s revenue from operations rose 29.7% YoY to Rs 1,309.87 crore for the quarter ended June 30, 2025, against Rs 1,009.72 crore reported in the same quarter of the previous financial year.

However, sequentially, the company’s net profit witnessed a decline of nearly 51% from Rs 244.25 crore in Q4FY25.

GRSE’s total income surged 27.5% to Rs 1,382.41 crore in the June quarter from Rs 1,083.59 crore in the corresponding quarter of the previous financial year. On a sequential basis, it was down from Rs 1,755.97 crore in the fourth quarter of FY25.

For the quarter ended June 30, 2025, the company reported a debt-equity ratio of 0.012 times, showing a slight increase from 0.005 times in the same quarter last year. The debt service coverage ratio stood at 20.52 times, marginally lower than 21.83 times recorded in the year-ago period.

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Meanwhile, the interest service coverage ratio improved to 28.39 times from 28.23 times in the corresponding quarter of the previous year.

The company’s net worth rose to Rs 2198.80 crore in the quarter ended June 30, 2025, up from Rs 1760.90 crore in the same period last year. Further, the earnings per share (EPS) also improved to Rs 10.49 from Rs 7.61.

The current ratio rose marginally to 1.18 times compared to 1.14 times a year earlier.

GRSE released its Q1 results during the market hours, post which, the stock recovered from its day’s lows to trade 1.4% higher at Rs 2,580 on the BSE.

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