Garden Reach Shipbuilders posted strong Q4FY25 results with a 119% profit jump and won a ₹25,000 crore Navy contract. The stock surged 6.53%, delivering over 118% annual return and 1,687% gain over five years.
On Thursday, the share price of Garden Reach Shipbuilders & Engineers Ltd (GRSE) jumped 11.20% to ₹2,789.60 per share (as of 2:09 PM IST) from its previous closing of ₹2,500 per share. The stock’s 52-week high is ₹2,834.60 per share, and it is 1.39% away from the same.
On a YTD basis, the stock has jumped more than 64% while in the last 12 months it has generated massive returns of over 118%. In the longer period of 5 years, the stock is up by 1,687.43%
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Schedule 'A' Mini Ratna Category I Company, has emerged as the Lowest bidder (L1) for the Next Generation Corvettes (NGC) Project for the Indian Navy. This significant development was confirmed during a Commercial Negotiation Committee (CNC) meeting convened by the Ministry of Defence (MoD) in New Delhi on May 21, 2025, where commercial bids for the acquisition of eight NGCs were opened. As the L1 bidder, GRSE is set to be awarded the construction of five NGC ships, a contract estimated to be worth more than ₹25,000 crores.
As per the con-call of the company, the order book, as on December 31, stands at ₹23,877 crore. And this comprises 40 platforms from 10 projects. This includes:
For the quarter ended March 2025, the company reported a revenue from operations of ₹1,642.04 crore, reflecting a year-on-year growth of 61.66% compared to ₹1,015.73 crore in the corresponding quarter of the previous year. The profit after tax (PAT) for the quarter stood at ₹244.25 crore, up by 118.87% from ₹111.60 crore in Q4FY24.
On an annual basis, for the financial year ended March 2025, the company recorded highest-ever revenue and profits. In FY25, revenue from operations was ₹5,075.69 crore, marking an increase of 41.28% over ₹3,592.64 crore reported in the previous financial year. The profit after tax for the year rose by 47.62%, reaching ₹527.40 crore compared to ₹357.27 crore in FY24.
The Board of Directors of the company has recommended a final dividend of ₹4.90 per equity share for the Financial year 2024-25, subject to the approval of the shareholders.
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.
Disclaimer: The article is for informational purposes only and not investment advice.
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