GRSE FY26 Results: Revenue Jumps 38%, PAT Surges 42% to Record High

Garden Reach Shipbuilders & Engineers Limited (GRSE), a defence public sector undertaking under the Ministry of Defence, reported a stellar financial performance for FY26. The company achieved its highest-ever revenue and profit, reflecting strong operational execution and demand momentum.

Revenue for FY26 stood at ₹7,002 crore, registering a robust growth of 38% compared to FY25. Profit after tax (PAT) surged 42% to ₹748 crore, highlighting asignificant improvement in profitability. Total income also rose to ₹7,276 crore, up 34.49% year-on-year.

Q4FY26 Performance Highlights

In the fourth quarter, GRSE maintained strong growth trends. Revenue increased by 29.06% year-on-year to ₹2,119 crore, while total income rose by 24.72% to ₹2,190 crore.

EBITDA for Q4FY26 grew 27.33% to ₹426 crore, indicating improved operating efficiency. Profit before tax (PBT) rose 26.98% to ₹410 crore, and PAT increased 24.14% to ₹303 crore. Earnings per share (EPS) also climbed to ₹26.47, reflecting enhanced shareholder value.

Operational Efficiency and Profit Growth

GRSE’s full-year EBITDA grew 41.47% to ₹1,069 crore, showcasing strong cost management and operational efficiency. Profit before tax increased 42.86% to ₹1,004 crore, while earnings per share rose to ₹65.29, up 41.81% year-on-year.

The consistent growth across all key financial metrics underlines the company’s ability to execute large-scale defence projects efficiently while maintaining profitability.

Growth Drivers and Business Momentum

The company’s performance has been driven by a strong order book, timely execution of shipbuilding projects, and increasing demand in the defence sector. GRSE continues to play a critical role in India’s naval modernisation efforts, contributing to indigenous defence manufacturing.

Its focus on technological capabilities, efficient project management, and strategic alignment with government initiatives has supported sustained growth.

GRSE Share Price Today

On April 29, 2026, GRSE share price opened at ₹3,100.00. At 12:06 PM, the share price of GRSE was trading at ₹3,108.30, up by 8.1% on the NSE.

Also Read: GRSE Sees Leadership Change as Indrajit Dasgupta Takes Charge as Executive Director!

Conclusion

GRSE’s FY26 results mark a milestone year with record revenue and profit growth. With a strong pipeline of projects and continued focus on execution excellence, the company is well-positioned to maintain its growth trajectory in the coming years.

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