GRSE Share Price Rally Nearly 25% in This Week After Q3 FY26 Results

By 2 min Read Jan 30, 2026

GRSE Share Price Jumps 25% After Q3 FY26 Results, Dividend

Garden Reach Shipbuilders & Engineers Ltd (GRSE) share price continued their strong upward momentum on Friday, extending gains for the second consecutive session after the company reported an impressive performance for the December quarter (Q3FY26). The stock surged as much as 8.70% intraday to ₹2,810, taking the weekly gain over 25%.

At around 2:28 pm, GRSE shares were trading 7.41% higher at ₹2,776.50, even as the broader market remained under pressure, with the BSE Sensex down 0.23%.

GRSE Revenue and Profit See Double-Digit Growth

GRSE delivered a solid operational and financial performance in Q3FY26, supported by higher execution levels and improved operating leverage. The company’s total income rose 46% year-on-year to ₹1,958 crore, compared with ₹1,343 crore in Q3FY25, reflecting strong momentum across key projects.

Revenue from operations jumped 49% YoY to ₹1,896 crore, highlighting robust execution during the quarter. Profitability also improved sharply, with profit after tax (PAT) surging 74% YoY to ₹171 crore, up from ₹98 crore in the corresponding period last year.

At the operating level, GRSE reported healthy growth. EBITDA increased 59% YoY to ₹234 crore, while profit before tax (PBT) climbed 63% YoY to ₹218 crore. This translated into a sharp improvement in shareholder returns, with earnings per share (EPS) rising to ₹14.91, compared with ₹8.57 in the year-ago quarter.

What’s Fueling the Rally in GRSE Shares?

The sharp rise in GRSE’s share price comes amid a combination of strong earnings, positive outlook commentary, and strategic developments.

Beyond earnings, GRSE recently signed a Memorandum of Understanding (MoU) with M/s K2 Cranes & Components Pvt Ltd on January 28, 2026. The partnership focuses on the design, development, and manufacture of marine, defence, and shipyard cranes, further strengthening GRSE’s capabilities in defence infrastructure and shipyard equipment.

Additionally, the company announced a second interim dividend of ₹7.15 per share for FY26, boosting investor sentiment.

GRSE Dividend Announcement and Record Date

GRSE’s Board of Directors approved the second interim dividend for FY 2025-26, offering additional returns to shareholders.

Dividend amount: ₹7.15 per share

Record date: Tuesday, February 3, 2026

Only shareholders holding the stock as of the record date will be eligible to receive the dividend.

GRSE shares surged as much as 8.70% intraday to ₹2,810, extending their rally for the fourth consecutive session and taking the five-day gain to over 25%. At around 2:28 pm, the stock was trading 7.41% higher at ₹2,776.50, clearly outperforming the broader market, even as the BSE Sensex lipped 0.23% amid overall market weakness.