GRSE Shares gain for the 4th straight session; Up 6% Post Q3 FY26 Results

Shares of Garden Reach Shipbuilders & Engineers (GRSE) extended their rally for a fourth consecutive session on January 30, 2026, rising over 6% after the state-owned defence shipbuilder reported a strong financial performance for the December quarter (Q3 FY26).

Garden Reach Shipbuilders Q3 FY26 Financial Performance

GRSE posted a sharp improvement in both profitability and revenue, supported by higher execution levels and improved operating leverage.

Net profit for the quarter ended December 2025 rose to ₹171 crore, compared with ₹98 crore in the year-ago period, marking a 74% year-on-year (YoY) increase. On a sequential basis, profit also improved from ₹154 crore reported in Q2 FY26.

Revenue from operations stood at ₹1,896 crore, up from ₹1,271 crore in Q3 FY25, registering a 49% YoY growth. Sequentially, revenue increased 13% quarter-on-quarter from ₹1,677 crore, reflecting stronger execution during the quarter.

Including other income of ₹62 crore, GRSE’s total income for the quarter rose to ₹1,958 crore, compared with ₹1,343 crore a year earlier.

Garden Reach Shipbuilders Share Price Performance

GRSE shares continued their upward momentum for the fourth straight session on January 30, 2026, rising 6.25% to trade at ₹2,746.50 as of 11:58 AM. The stock opened at ₹2,574 and moved between an intraday high of ₹2,779 and a low of ₹2,528, compared with the previous close of ₹2,585.

Conclusion 

GRSE’s recent share price strength reflects a positive market response to its improved quarterly performance and execution-led growth in Q3 FY26. While the stock has extended gains for a fourth consecutive session, investor focus is likely to remain on the sustainability of earnings momentum, order execution progress, and broader developments in the defence sector.

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