GRSE Reports Strong Q1 FY25 Financial Performance with 13% Profit Rise

Garden Reach Shipbuilders & Engineers Limited (GRSE) reported a notable 13% increase in net profit for Q1 FY25, reaching Rs 87 crore. Revenue surged by 34% to Rs 1,010 crore. Despite a slight dip in net profit margin, GRSE remains optimistic with strong financial results and a robust order book supported by strategic MoUs.

Garden Reach Shipbuilders & Engineers Limited (GRSE), a prominent public sector shipbuilder, has posted a 13% rise in net profit for Q1 FY25, attaining Rs 87 crore. This growth is attributed to a substantial 34% increase in revenue, which climbed to Rs 1,010 crore, compared to Rs 756 crore in the same period last year.

Earnings per share saw an uptick, reaching Rs 7.6 from Rs 6.6 in Q1 FY24. However, the company's net profit margin slightly contracted to 8.64% from 10.14% year-on-year. Despite this, GRSE remains optimistic about maintaining its growth trajectory.

GRSE's chairman and managing director, Cmde Hari PR, expressed confidence in the company's future, highlighting strong financial results in Q1 FY25 and support from a robust order book and effective project execution plans. Recent strategic MoUs, including partnerships with Medha Servo Drives and Kerala State Electronics Development Corporation, aim to enhance GRSE's technical capabilities and drive self-reliance in key areas.