Kolkata-based Garden Reach Shipbuilders & Engineers (GRSE) announced strong financial results for the second quarter ending September 2026. The public sector undertaking recorded a significant rise in net profit and revenue, signaling robust operational health.
GRSE's Financial Performance Highlights
For the September 2026 quarter, GRSE's net profit climbed by 12.4%, reaching ₹172 crore. This marks a notable increase from the ₹153 crore reported in the same period of the previous fiscal year. The company's revenue also saw a healthy growth of 9% year-on-year, totaling ₹1,826.6 crore, up from ₹1,677 crore.
Key Profitability Metrics
Beyond net profit, GRSE demonstrated improved profitability across other key metrics. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) surged by 25.3% to ₹195.4 crore in Q2 2026, compared to ₹156 crore in the September 2025 quarter. Consequently, the EBIDTA margin expanded to 10.7%, an increase from 9% year-on-year. Earnings Per Share (EPS) also rose to ₹15.01 in the second quarter, up from ₹13.43 in the corresponding quarter of the previous fiscal.
Revenue Growth and Operational Efficiency
The 9% revenue growth underscores GRSE's consistent performance in its core shipbuilding and engineering activities. Total expenses for the quarter stood at ₹1,654 crore, an increase from ₹1,536.71 crore in the September 2025 quarter, reflecting increased operational scale in line with revenue growth.
Stock Market Reaction
Following the announcement of its Q2 earnings, GRSE's stock traded on a relatively flat note on the BSE, hovering around ₹2,214. The firm's market capitalization was recorded at ₹25,361 crore. Approximately 1.74 lakh shares were traded, amounting to a turnover of ₹38.63 crore.