Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Garden Reach Shipbuilders & Engineers (GRSE) is a public sector defense undertaking under the administrative control of the Ministry of Defence and a Schedule ‘A’ Mini Ratna Category-I company.
The company reported a 74% jump in consolidated net profit to Rs 171 crore in Q3 FY26 from Rs 98 crore in Q3 FY25. Revenue from operations increased to Rs 1,896 crore during the period under review, up 49% YoY.
The scrip jumped 4.07% to settle at Rs 2,407.55 on the BSE.
Garden Reach Shipbuilders & Engineers (GRSE) is a public sector defence undertaking under the administrative control of the Ministry of Defence and a Schedule ‘A’ Mini Ratna Category-I company.
The scrip fell 1.56% to settle at Rs 2,401.55 on the BSE.
The partnership envisages the construction of advanced maritime platforms and is expected to contribute to the enhancement of the country's maritime infrastructure, technological self-reliance, and long-term operational capabilities.
Revenue from operations increased to Rs 1,896 crore during the period under review, up 49% YoY.
EBITDA improved by 59% to Rs 234 crore in Q3 FY26 from Rs 134 crore in Q3 FY25.
Profit before tax stood at Rs 218 crore in Q3 FY26, up by 63% from Rs 134 crore recorded in Q3 FY25.
Cmde PR Hari, IN (Retd.), chairman and managing director, Garden Reach Shipbuilders & Engineers, said: 'With a strong set of numbers recorded during Q3 FY26, we are well on track to register our best-ever financial performance during the current financial year.'
'We have delivered five warships so far during the year and are currently executing 10 major shipbuilding projects comprising of 42 platforms. Our other verticals, like Ship Repairs, Portable Steel Bridges and Naval Weapon Systems are also doing well.
With the Next Generation Corvette contract on the anvil, we are confident of ending the current financial year with an orderbook of around Rs. 50,000 crore,” the chairman added.
Separately, Garden Reach Shipbuilders and Engineers (GRSE) said that it has signed a memorandum of understanding with K2 Cranes & Components for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment.
'While GRSE’s mainstay continues to remain warship building and construction of other marine platforms, it also manufactures engineering products. It holds the largest market share in the country in the modular, steel bridges sector, having delivered over 5,900 of them to both domestic and international clients,” the company said in a statement.
It further stated that this collaborative initiative will enable GRSE and K2 Cranes to explore and implement profitable business in respect of cranes utilized for marine, defence and shipyard requirements, both in India and abroad.
Garden Reach Shipbuilders & Engineers (GRSE) is a defence public sector undertaking, under the administrative control of Ministry of Defence, and a Schedule ‘A’ Mini Ratna Category-I company. GRSE has built over 800 platforms, including 115 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries. GRSE has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, testing & overhauling of marine diesel engines and the manufacture of 30mm naval surface guns.
Thangamayil Jewellery Ltd, Garden Reach Shipbuilders & Engineers Ltd, V I P Industries Ltd and Welspun Living Ltd are among the other losers in the BSE's 'A' group today, 02 December 2025.
Bajaj Housing Finance Ltd lost 6.65% to Rs 97.55 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 465.8 lakh shares were traded on the counter so far as against the average daily volumes of 4.44 lakh shares in the past one month.
Thangamayil Jewellery Ltd crashed 6.22% to Rs 3151.8. The stock was the second biggest loser in 'A' group.On the BSE, 12324 shares were traded on the counter so far as against the average daily volumes of 21677 shares in the past one month.
Garden Reach Shipbuilders & Engineers Ltd tumbled 4.82% to Rs 2602.3. The stock was the third biggest loser in 'A' group.On the BSE, 78840 shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one month.
V I P Industries Ltd dropped 4.20% to Rs 351. The stock was the fourth biggest loser in 'A' group.On the BSE, 19475 shares were traded on the counter so far as against the average daily volumes of 41627 shares in the past one month.
Welspun Living Ltd corrected 4.09% to Rs 136.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.74 lakh shares were traded on the counter so far as against the average daily volumes of 3.7 lakh shares in the past one month.