Garden Reach Shipbuilders & Engineers (GRSE) shares rallied over 6% in early trade on November 14, breaking a five-day losing streak after posting robust Q2 results for the quarter ending September 2024.
As of 9:30 AM, the shares were trading more than 2% higher at ₹1,416, with Garden Reach's year-to-date performance climbing 62%—far outpacing the Nifty 50's modest 8% gain. This positive momentum offers an exciting opportunity for investors to consider strategies to buy shares online for companies with strong financials like GRSE.
In the September quarter, Garden Reach achieved significant growth, with Profit After Tax (PAT) rising 21% year-on-year to ₹98 crore, compared to ₹81 crore in Q2FY24. Revenue from operations surged by 28%, reaching ₹1,153 crore, a substantial increase from ₹898 crore the previous year. The company's EBITDA also recorded a 20% year-on-year increase, standing at ₹144 crore. For those seeking to buy shares online in companies with consistent growth, Garden Reach's Q2 performance highlights its stability and growth trajectory.
Garden Reach's success extended through the first half of FY25. Total income rose sharply to ₹2,311 crore, up from ₹1,796 crore in H1FY24. Operating revenue during this period was ₹2,163 crore, showing steady progress. Core EBITDA for H1FY25 reached ₹274 crore, with a healthy EBITDA margin of 16%, and PAT rose by 18% to ₹185 crore.
These figures reflect Garden Reach's strong position, making it a solid choice for those looking to buy shares online in established companies with robust financials and government contracts.
A diverse order book, including projects for the Indian Navy, commercial vessels, and specialised research vessels, underpinned Garden Reach's impressive performance. The company's strategic orders point toward sustained growth, and with more orders expected, GRSE's future looks promising.
Investors exploring options to buy shares online may find Garden Reach an appealing choice due to its established order pipeline and focus on national defence projects, ensuring long-term profitability and value.
Under the administrative control of India's Ministry of Defence, Garden Reach holds a prominent position in the country's shipbuilding sector. With a primary focus on fulfilling the needs of the Indian Navy and the Indian Coast Guard, GRSE has cemented its reputation as a reliable partner in defence.
For those considering the decision to buy shares online, companies like Garden Reach, backed by government support and contracts, represent stability and strategic growth within a crucial sector.
Despite experiencing market pressures in recent months with negative returns from August through November, Garden Reach's stock has shown resilience. The latest quarterly performance helped turn the tide, offering renewed confidence for investors. For those who want to buy shares online in companies that demonstrate resilience and recover swiftly, Garden Reach's recent rebound is an encouraging sign of strength amid market fluctuations.
With consistent earnings and revenue growth, Garden Reach presents an attractive investment opportunity. For investors who prefer to buy shares online in reliable and growth-oriented companies, GRSE's performance and its vital role in India's defence sector make it a compelling choice. As the company builds on its strong foundations and looks toward future projects, it stands poised for continued success in the coming quarters.
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