Garden Reach Shipbuilders & Engineers

Defence stocks trade firm in weak market; BDL, HAL, GRSE rally up to 6%

Elara Capital expects ordering flow to rise sharply in Q4FY25 for the sector given that defence capex is set to be met in FY25

GRSE gains 4% on winning order for construction of 4 multi-purpose vessels

The contracts for the remaining two vessels will be communicated as and when the respective contracts are signed

GRSE, BEML, BDL gain up to 6% as DAC clears Rs 21,772 cr defence proposals

The Defence Acquisition Council (DAC) accorded Acceptance of Necessity for five capital acquisition proposals worth over Rs 21,772 crore.

GRSE share price rises 4% on securing order worth Rs 491 crore from NPOL

The spike in GRSE share price was fuelled by a Rs 490.98-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi

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.

Shipbuilding stocks in focus: GRSE, MDL, Cochin Shipyard gain up to 7%

The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.

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 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

Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr

Thus far in the month of April, these stocks have zoomed up to 58 per cent

Defence PSU GRSE records Rs 2,801 crore income in nine months of FY24

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd recorded a total income of Rs 2,801 crore in nine months till December 31 in the financial year 2023-24, an increase of 34 per cent compared to the same period in previous fiscal, an official said on Tuesday. He said that revenue from operations between April and December in 2023-24 stood at Rs 2,577 crore as compared to Rs 1,960 crore in the same period in 2022-23, recording a growth of 31 per cent. GRSE's profit before tax (PBT) stood at Rs 328 crore for the first nine months of fiscal 2023-24 as compared to Rs 229 crore in the same period the previous financial year, the official said in a statement. The profit after tax (PAT) was Rs 246 crore from April to December of 2023-24 as against Rs 173 crore in the same period of the previous fiscal. The earnings per share (EPS) for the nine months in 2023-24 stood at Rs 21.45 as compared to Rs 15.09 in the same period of 2022-23, registering a growth of 42 per cent, the ...

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 earns Rs 1,654 cr revenue from operations in 1st half of 2023-24

Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) on Friday said it earned a revenue of Rs 1,654 crore from operations in the first half of 2023-24 financial year, an increase of 31 per cent over the corresponding period in the last fiscal. The Kolkata-headquartered warship builder earned a profit before tax (PBT) of Rs 209 crore, while the profit after tax (PAT) was Rs 157 crore, a 45 per cent rise over the first half of 2023-24, GRSE said in a press statement. Earnings per share stood at Rs 13.74, an increase of 45 per cent over the same period in the previous fiscal, it added. Also announcing the quarterly results from July to September 2023-24 financial year, the GRSE said its total income stood at Rs 969 crore in the period as against Rs 722 crore in the same period in 2022-23, an increase of Rs 247 crore. It said that revenue from operations for the second quarter of 2023-24 stood at Rs 898 crore as compared to Rs 682 crore in the same period in 2022-23, an .

GRSE signs pacts with global firms for hydrogen fuel cell ferry, engines

Defence shipbuilder Garden Reach Shipbuilders and Engineers (GRSE) on Wednesday said it has entered into non-binding MoUs with foreign companies for the development of a hydrogen fuel cell ferry and the sale and service of medium-speed engines, particularly for the Indian Navy and the Indian Coast Guard. GRSE, in its communication to the bourses, stated that it has signed two non-binding MoUs at the Defense and Security Equipment International (DSEI) Exhibition in London, which are of a confidential nature. The Kolkata-based shipbuilder has signed a MoU with Lloyd's Register for the development of a hydrogen fuel cell ferry and with Caterpillar Inc for a potential collaboration in the production, sale, and service of medium-speed engines, particularly for the Indian Navy and the Indian Coast Guard. This move is part of India's transformative efforts in the field of innovative and new green energy technologies, promoting sustainable and cost-effective alternate fuels. Union Minister

Prez launches Navy's advanced stealth frigate INS Vindhyagiri in Kolkata

President Droupadi Murmu on Thursday launched 'Vindhyagiri', an advanced stealth frigate, at Garden Reach Shipbuilders and Engineers Ltd's (GRSE) facility on the banks of Hooghly river here. West Bengal Governor CV Ananda Bose and Chief Minister Mamata Banerjee were also present on the occasion. This is the sixth of seven ships built under 'Project 17 Alpha' for the Navy. The first five ships of the project were launched between 2019 and 2022. This is the third and last stealth frigate that the Kolkata-based warship maker was contracted to build for the Navy under the project. The official said that 75 per cent of orders for equipment and systems of P17A ships are from indigenous firms, including micro, small and medium enterprises (MSMEs). The state-of-the-art ship will be fitted with the latest gadgets and undergo extensive trials before being handed over to the Indian Navy for commissioning into service. P17A ships are guided missile frigates, each of which is 149 metres long

Garden Reach Shipbuilders rallies 33% in 2 days post June quarter results

The BSE has sought clarification from Garden Reach Shipbuilders & Engineers Ltd with reference to movement in volume

Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results

Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand

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