GRSE declares Q1 FY25 results

Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country has announced its financial results for the first quarter ended June 30th 2024.

Highlights of Financial Performance Q1FY25

- Total Income for the Q1FY25 stood at Rs. 1084 Crore against Rs. 827 Crore in Q1FY 24 with growth of 31% (Y-o-Y).

- Revenue from Operation has increased to Rs. 1010 Crore in Q1FY25 from Rs. 756 Crore in Q1FY24, registering a growth of 34 % (Y-o-Y).

- The Earnings before Interest, Tax, Depreciation and Amortization stands at Rs. 130 Crore in Q1FY25, as against Rs 117 Crore in Q1FY24, with an increase of 11%.

- Profit Before Tax (PBT) is Rs. 115 Crore for Q1FY25 as compared to Rs 102 Crore in Q1FY24, registering a growth of 13 % (Y-o-Y)

- Profit After Tax (PAT) is Rs. 87 Crore in Q1FY25 as against Rs. 77 Crore in Q1FY24, registering a growth of 13 % (Y-o-Y).

Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, "The shipyard is on a growth trajectory and the Q1 FY25 financial results have been very encouraging. Considering our current order book and the project execution plan, I am confident of maintaining this upward trend in the coming years."

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2085.75 as compared to the previous close of Rs. 2180.00. The total number of shares traded during the day was 158755 in over 15856 trades.

The stock hit an intraday high of Rs. 2209.10 and intraday low of 2071.85. The net turnover during the day was Rs. 340429885.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE WarshipBuilder Q1FY25 Q1FY2025 FY2025 ResultUpdate