GRSE Share Price Jumps 14% on Wednesday; Here’s Why

The Indian equity markets traded on a strong note on Wednesday, with the Nifty 50 index rising by 210.25 points or 0.88 per cent to 24,205.95 during the session. Amid broad-based buying across Defence counters, stock-specific momentum was visible in select shipbuilding names. In this segment, Garden Reach Shipbuilders & Engineers (GRSE) share price surged 13.88 per cent to Rs 3,274.30 after the company announced its audited Q4FY26 and full year FY26 financial results, the highest-ever annual revenue and profit, along with the recommendation of a final Dividend.

GRSE Q4FY26 Results

Garden Reach Shipbuilders & Engineers reported revenue from operations of Rs 2,119.21 crore in Q4FY26 as against Rs 1,642.04 crore in Q4FY25, registering a growth of 29.1 per cent YoY. Total income stood at Rs 2,190.37 crore compared to Rs 1,756.25 crore in the corresponding quarter last year, reflecting a growth of 24.7 per cent YoY.

Profit before Tax came in at Rs 410.85 crore as against Rs 323.55 crore in Q4FY25, marking a growth of 27 per cent YoY. Sequentially, profit before tax surged 88.7 per cent to Rs 217.77 crore.

Profit after tax stood at Rs 303.20 crore in Q4FY26 compared to Rs 244.25 crore in Q4FY25, registering a growth of 24.1 per cent YoY. On a QoQ basis, profit after tax jumped 77.5 per cent from Rs 170.77 crore reported in the December quarter. Earnings per share for the quarter stood at Rs 26.47 as against Rs 21.32 in Q4FY25.

GRSE FY26 Annual Performance

For the financial year ended March 31, 2026, revenue from operations stood at Rs 7,002.16 crore as against Rs 5,075.69 crore reported in FY25, registering a growth of 38 per cent YoY.

Total income increased 34.5 per cent YoY to Rs 7,276.54 crore from Rs 5,410.53 crore.

Profit before tax stood at Rs 1,004.70 crore in FY26 compared to Rs 703.29 crore in FY25, marking a growth of 42.9 per cent YoY.

Profit after tax for FY26 was reported at Rs 747.93 crore compared to Rs 527.40 crore in FY25, reflecting a growth of 41.8 per cent YoY. Annual earnings per share stood at Rs 65.29 as against Rs 46.04 in the previous financial year.

Board Recommends Final Dividend

The Board of Directors has recommended a final dividend of Rs 6.70 per equity share for the financial year 2025-26, subject to shareholders’ approval at the ensuing Annual General Meeting. The final dividend is in addition to two interim dividends of Rs 12.90 per equity share already paid during the financial year.

Management Commentary

Cmde P R Hari, IN (Retd), Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Ltd, said, “FY26 marks a landmark year for GRSE wherein our robust physical performance has been translated into strong financial results. During the year, we delivered 08 warships, that means a ship every one & a half months, a credible achievement by any standards. We intend maintaining the tempo in the years ahead through capability enhancement, new technology adoption and calibrated business diversification.”

About Garden Reach Shipbuilders & Engineers

Garden Reach Shipbuilders & Engineers Ltd is a Defence Public Sector Undertaking under the Ministry of Defence and one of India’s leading warship building companies. The company has built over 800 platforms, including 118 warships for the Indian Navy, Indian Coast Guard and friendly foreign nations. GRSE also has diversified operations in engineering products including prefabricated steel bridges, marine engines, deck machinery and naval gun systems.

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Disclaimer: This article is for informational purposes only and not investment advice.