Garden Reach Shipbuilders & Engineers Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
GRSE reported total income of ₹1,914 crore for Q1 FY27, up 38% year-on-year, with revenue from operations rising 39% to ₹1,815 crore and profit after tax up 44% to ₹173 crore. Management highlighted the award of Navratna status, the commissioning of three ships by the Prime Minister, and an order book of ₹13,596 crore comprising 44 marine platforms across 11 projects. Management also discussed the pending Next-Generation Corvette contract, ongoing brownfield and greenfield capacity expansion plans, and a large pipeline of defense and non-defense tenders.
GRSE reported its best-ever quarterly and annual financial performance for Q4 and FY26, with quarterly revenue of Rs 2,119 crore, up 29% year-on-year, and profit after tax of Rs 303 crore, up 24%. For the full year, revenue from operations rose 38% to Rs 7,002 crore and profit after tax rose 42% to Rs 748 crore. Management described progress on the current order book of Rs 15,324 crore, delivery timelines for ongoing shipbuilding projects, and a pipeline of upcoming orders including the Next Generation Corvette project where the company is L1.