Garden Reach Shipbuilders Reports Strong FY26 Results, Recommends Final Dividend
Garden Reach Shipbuilders & Engineers Limited (GRSE), a Government of India Undertaking under the Ministry of Defence, announced its audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors approved the financial results during a meeting held on April 28, 2026.In the context of the financial performance, the Board of Directors recommended a final dividend of ₹ 6.70 per equity share for the Financial Year 2025-26. This dividend is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM). The company stated that the final dividend would be paid within 30 days from the date of its declaration at the 110th AGM.
Financial Performance Snapshot
The financial results show substantial growth across key operational metrics. The total income for the year ended March 31, 2026, was 7,27,654.38 (in lakhs), marking an increase compared to the previous year. Profit Before Tax (PBT) for the full year ended March 31, 2026, reached 1,00,469.59 (in lakhs).The final profit for the period/year (after tax) stood at 74,793.44 (in lakhs) for FY26, up from 52,740.38 (in lakhs) in FY25. Earnings per share (Basic & Diluted) for the year ended March 31, 2026, was reported at 65.29 (Rs.).
For the specific quarter ended March 31, 2026, the revenue from operations was 2,11,921.25 (in lakhs).
Financial Results Comparison (in ₹ Lakh)
The audited financial results for the quarter and year ended March 31, 2026, are detailed below:| Particulars | Quarter Ended 31.03.2026 | Year Ended 31.03.2026 | Quarter Ended 31.03.2025 | Year Ended 31.03.2025 |
|---|---|---|---|---|
| Revenue from operations | 2,11,921.25 | 7,00,215.78 | 1,64,203.57 | 5,07,568.77 |
| Total income (1+2) | 2,19,036.50 | 7,27,654.38 | 1,75,624.89 | 5,41,052.52 |
| Total expenses | 1,77,951.25 | 6,27,184.79 | 1,43,269.58 | 4,70,723.55 |
| Profit before tax | 41,085.25 | 1,00,469.59 | 32,355.31 | 70,328.97 |
| Profit for the period/year | 30,319.91 | 74,793.44 | 24,424.93 | 52,740.38 |
| Total comprehensive income | 30,646.05 | 75,075.74 | 24,086.54 | 52,484.30 |
Key Financial Indicators
The company provided a comprehensive table detailing various financial ratios for comparison:| Particulars | 31.03.2026 | 31.03.2025 |
|---|---|---|
| Net worth (Rs. in Lakh) | 2,62,611.72 | 2,07,926.24 |
| Net profit after tax for the period (Rs. in Lakh) | 74,793.44 | 52,740.38 |
| Earnings per share (in Rs.) | 65.29 | 46.04 |
| Current Ratio (in times) | 1.23 | 1.17 |
| Net profit margin (%) | 10.68% | 10.39% |
Operational Highlights and Management Commentary
Commenting on the results, Cmde PR Hari, IN (Retd), Chairman and Managing Director of GRSE, stated that FY26 was a landmark year. He noted that the robust physical performance translated into strong financial results, citing the delivery of 08 warships during the year, described as a credible achievement.The company also provided historical context on its capabilities, noting that it has built over 800 platforms, including 118 warships for the Indian Navy, Indian Coast Guard, and friendly foreign countries, marking the highest number of warships built and delivered by any Indian shipyard to date.
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Garden Reach Shipbuilders & Engineers Limited is a Defence Public Sector Undertaking, under the administrative control of the Ministry of Defence. The company specializes in shipbuilding and ship repair, and has diversified into the engineering business, manufacturing products such as pre-fabricated steel bridges and various deck machinery items.
GRSE Stock Price Movement
Today, Garden Reach Shipbuilders & Engineers Limited shares edged higher, closing at ₹2875.3 after gaining 1.14%. The stock settled on strong momentum, trading today on robust volume of nearly 1.60 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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