Rs 50,000 crore order book: Defence Shipbuilding Company Share Price Rallies Nearly 25% in a Week After Strong Q3 FY26 Results
Prajwal DSIJCategories: Mindshare, Trending
GRSE’s Board approved a dividend of Rs 7.15 per share, with Tuesday, February 3, 2026, fixed as the record date.
Garden Reach Shipbuilders & Engineers Ltd (GRSE) share price continued its strong upward momentum on Friday, extending gains for the second consecutive session after the company reported an impressive performance for the December quarter (Q3 FY26). The stock surged as much as 8.70 per cent Intraday to Rs 2,810, taking its five-day rally to over 25 per cent.
GRSE delivered a strong operational and financial performance in Q3 FY26, supported by higher execution levels and improved operating leverage. The company’s total income rose 46 per cent year-on-year to Rs 1,958 crore, compared with Rs 1,343 crore in Q3 FY25, reflecting solid momentum across key projects.
Revenue from operations jumped 49 per cent year-on-year to Rs 1,896 crore, highlighting robust execution during the quarter. Profitability improved sharply, with profit after Tax rising 74 per cent year-on-year to Rs 171 crore, up from Rs 98 crore in the corresponding quarter last year.
Operating performance also remained strong. EBITDA increased 59 per cent year-on-year to Rs 234 crore, while profit before tax climbed 63 per cent year-on-year to Rs 218 crore. This translated into a significant improvement in shareholder returns, with earnings per share rising to Rs 14.91 from Rs 8.57 in the year-ago period.
The rally in GRSE shares has been supported not only by strong earnings but also by positive strategic developments. The company recently signed a Memorandum of Understanding with M/s K2 Cranes & Components Pvt Ltd on January 28, 2026, focusing on the design, development and manufacture of marine, Defence and shipyard cranes. The partnership is expected to strengthen GRSE’s capabilities in defence infrastructure and shipyard equipment.
Investor sentiment was further boosted after the company announced a second interim dividend for FY 2025-26. GRSE’s Board approved a dividend of Rs 7.15 per share, with Tuesday, February 3, 2026, fixed as the record date. Shareholders holding the stock as of the record date will be eligible to receive the dividend.
On Friday, GRSE shares extended their rally for the fourth consecutive session, gaining as much as 8.70 per cent intraday. The stock has added more than 25 per cent over the past week, significantly outperforming the broader market despite ongoing volatility.
Disclaimer: The article is for informational purposes only and not investment advice.