Garden Reach Shipbuilders

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GRSE registers total income of Rs 2,311 crore in first half of FY25

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd registered a total income of Rs 2,311 crore in the first half of financial year 2024-25, an official said on Wednesday. The Kolkata-based warship maker's profit after tax (PAT) stood at Rs 185 crore in the first six months from April 2024, as against Rs 157 crore in the corresponding period in the last fiscal year 2023-24, the GRSE official said. "The total income stood at Rs 2,311 crore in the first half of 2024-25 as against Rs 1,796 crore in the corresponding period of 2023-24," the official said in a statement. For the second quarter of 2024-25 from July to September, the defence PSU registered a total income of Rs 1,228 crore against Rs 969 crore, he said. In the second quarter, PAT stood at Rs 98 crore as against Rs 81 crore in the corresponding period of 2023-24, the official said. GRSE chairman and managing director Commodore P R Hari (retd) said that the existing orders for Indian Navy, coupled with orders for

Shipbuilding shares sink; Mazagon Dock, GRSE, Cochin Ship tank up to 10%

Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders have corrected up to 51% from their respective 52-week highs touched in July 2024.

GRSE share price up 6% on securing contract worth Rs 491 crore from DRDO

The rise in GRSE share price was fuelled by a Rs 491-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence, DRDO, Kochi

Garden Reach Shipbuilders shares jump 6% on four multipurpose vessels order

The uptick in Garden Reach shares came after the company announced that it has secured an order for four (4) multi-purpose vessels from Carsten Rehder Schiffsmakler and Reederei GmbH & Co.

Analysts bullish on defence stocks as DAC okays Rs 1.4-trn acquisition

Share prices of Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, HAL, Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained up to 3.32 per cent on the BSE

Garden Reach inks MoU with National Highway Infrastructure; shares up 7%

The MoU entails the construction and delivery of Class 70R Double-Lane Bridges

Shipbuilding stocks trade weak; Mazagon Dock, Cochin, GRSE down up to 9%

These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July.

GRSE Q1 results: PAT up 13% at Rs 87cr amid profit margin contracts

Garden Reach Shipbuilders & Engineers Limited (GRSE), a leading public sector warship builder, reported a 13 per cent increase in net profit for the first quarter ended June 2024, reaching Rs 87 crore. The profit growth was driven by a substantial 34 per cent rise in revenue from operations, which surged to Rs 1,010 crore compared to Rs 756 crore in the same period last year. Earnings per share (EPS) improved to Rs 7.6, up from Rs 6.6 in Q1 FY24. Despite the profit increase, the company's net profit margin contracted to 8.64 per cent from 10.14 per cent year-on-year. GRSE chairman and managing director Cmde Hari PR expressed optimism about the company's growth trajectory, citing strong financial results for Q1 FY25. He noted that the company is confident of maintaining its growth trend, supported by a robust order book and effective project execution plans. "The shipyard is on a growth trajectory, and the Q1FY25 financial results have been very encouraging. Considering our current

Garden Reach Shipbuilders hits record high; stock zooms 146% in 3 months

In the past two days, the stock has surged 17% after the company secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each.

Garden Reach Shipbuilders stock price rallies 11% on $54 million order win

The rise in stock price came after the company announced that it has secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each

Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week

Bharat Dynamics hit a new high of Rs 1,650, zooming 17% in intra-day trade after the stock of state-owned defense company turned ex-date for 1:2 split on Friday.

Shipbuilders stock at new peaks; Here's what triggered the rally on May 23

Shares of shipbuilding firms in India soared to record high levels in trades on Thursday after Garden Reach Shipbuilders reported strong Q4 earnings.

Cochin Shipyard, Mazagon Dock, Garden Reach Shipbuilders rally up to 10%

Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 10 per cent to Rs 903.70 on back of two-fold jumps in average trading volumes today

BEL bags Rs 2,673 crore order from Goa Shipyard, Garden Reach Shipbuilders

Bharat Electronics Limited (BEL) has bagged cumulative orders of worth Rs 25,935.15 crore till now in the current financial year, said the company

GRSE reports best-ever net profit of Rs 77 crore in June quarter

Warship maker Garden Reach Shipbuilders & Engineers Ltd (GRSE) on Friday reported its best-ever net profit of Rs 77 crore in the June quarter. The entity saw a 54 per cent increase in net profit as compared to Rs 50 crore it reported in the year-ago period. The total income stood at Rs 827 crore in the first quarter of the current fiscal, 33 per cent higher than Rs 621 crore in the year-ago period. Revenue from operations for the quarter under review grew 30 per cent to Rs 756 crore as compared to Rs 580 crore last year. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was Rs 117 crore as against Rs 74 crore, registering a growth of 58 per cent. "The current fiscal year has started on a very vibrant note for GRSE with the shipyard recording the best-ever quarterly results in the history of the company," GRSE Chairman and Managing Director Cmde PR Hari said. "The shipyard gears up for the launch of the third Frigate of P17A on August 17... GRSE shall continu

Strong order pipeline positive for listed shipyards; prospects 'promising'

Upsides higher on Cochin Shipyards and Garden Reach Shipbuilders than Mazagon

Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

Here's why Mehul Kothari recommends to Buy Garden Reach, Praj Industries

According to the technical analyst from Anand Rathi, Garden Reach can rally to Rs 590, while Praj Industries can bounce back to Rs 412.

Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results

Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.