GRSE Q1 Results: PAT 38% yoy to Rs 120 crore, revenue up to 30%

Garden Reach Shipbuilders and Engineers (GRSE) on Friday announced their first quarter for FY26, which posted the benefit after a tax (PAT) of Rs 120.17 crore to Rs 120.17 crore from Rs 87.19 crore to Rs 87.19 crore in year-old period. The company’s revenue from operations increased to Rs 1,309.87 crore for the quarter ended June 30, 2025, to Rs 1,309.87 crore, against the same quarter of the last financial year as against Rs 1,009.72 crore in the same quarter.

However, gradually, Q4Fy25 saw a decline of about 51% from Rs 244.25 crore in Q4Fy25.


The total income of the GRSE increased by 27.5% to Rs 1,382.41 crore in the June quarter, which was Rs 1,083.59 crore in the respective quarter of the previous financial year. On a sequential basis, it was below Rs 1,755.97 crore in the fourth quarter of FY 25.

For the quarter ended June 30, 2025, the company reported a loan-equity ratio of 0.012 times, which saw a slight increase from 0.005 times in the same quarter of the previous year. The loan service coverage ratio was 20.52 times, which was less than 21.83 times recorded in the year-old period.

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Meanwhile, the interest service coverage ratio improved 28.23 times in the respective quarter of the previous year to 28.39 times. The total value of the company increased to Rs 2198.80 crore in the quarter ended June 30, 2025, which was above Rs 1760.90 crore in the previous year period. Apart from this, the earnings per share (EPS) also increased from Rs 7.61 to Rs 10.49. The current ratio increased by 1.18 times to 1.18 times compared to 1.14 times a year ago.

The GRSE released its Q1 results during the market hours, the post, which is recovered from its day’s climb and trade 1.4% more on BSE at Rs 2,580.

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