New Delhi: Garden Reach Shipbuilders & Engineers Limited (GRSE), a Navratna defence public sector undertaking (PSU), has reported strong financial performance for the second quarter and first half of FY 2026-27.
The company’s standalone net profit (PAT) increased 12% year-on-year to Rs 172 crore in Q2 FY27, compared to Rs 154 crore in the corresponding quarter of the previous financial year.
According to the financial results announced on November 11, 2026, GRSE’s revenue from operations grew 9% to Rs 1,827 crore during the quarter, against Rs 1,677 crore in Q2 FY26.
The company also recorded growth in total income, EBITDA and profit before tax (PBT), reflecting an improvement in its financial performance.
GRSE Q2 FY27 Financial Performance
During the second quarter of FY 2026-27, GRSE registered growth across key financial parameters.
The company’s total income increased 8% to Rs 1,886 crore, compared to Rs 1,746 crore in the corresponding quarter of the previous year.
Other key financial highlights for Q2 FY27 include:
- Net Profit (PAT): Rs 172 crore, up 12% from Rs 154 crore.
- Revenue from Operations: Rs 1,827 crore, up 9% from Rs 1,677 crore.
- Total Income: Rs 1,886 crore, up 8% from Rs 1,746 crore.
- EBITDA: Rs 254 crore, up 13% from Rs 225 crore.
- Profit Before Tax (PBT): Rs 232 crore, up 11% from Rs 209 crore.
GRSE H1 FY27 Results: Net Profit Grows 26%
GRSE also delivered strong growth during the first half of FY 2026-27. Its standalone net profit increased 26% to Rs 345 crore, compared to Rs 274 crore in the corresponding period of FY26.
Revenue from operations rose 22% to Rs 3,641 crore during H1 FY27, against Rs 2,987 crore in the first half of the previous financial year.
The company’s total income increased 21% to Rs 3,800 crore from Rs 3,128 crore. EBITDA grew 23% to Rs 503 crore, compared to Rs 409 crore, while profit before tax increased 23% to Rs 463 crore from Rs 376 crore.
GRSE’s earnings per share (EPS) also registered a 26% increase to Rs 30.10 during the first half, compared to Rs 23.92 in H1 FY26.
Key Financial Highlights: H1 FY 2026-27
- Net Profit (PAT): Rs 345 crore, up 26% from Rs 274 crore.
- Revenue from Operations: Rs 3,641 crore, up 22% from Rs 2,987 crore.
- Total Income: Rs 3,800 crore, up 21% from Rs 3,128 crore.
- EBITDA: Rs 503 crore, up 23% from Rs 409 crore.
- Profit Before Tax (PBT): Rs 463 crore, up 23% from Rs 376 crore.
- Earnings Per Share (EPS): Rs 30.10, up 26% from Rs 23.92.
GRSE Achieves Key Shipbuilding Milestones in Q2 FY27
Commenting on the company’s financial performance, Cmde PR Hari, IN (Retd), Chairman and Managing Director of GRSE, said that the company had delivered encouraging results in both the second quarter and the first half of FY 2026-27.
He also highlighted several important operational achievements during the quarter.
These included the launch of the second Next Generation Offshore Patrol Vessel (NGOPV), named Shruti, for the Indian Navy. GRSE also launched the Ocean Research Vessel Sagar Manthan for the National Centre for Polar and Ocean Research (NCPOR), under the Ministry of Earth Sciences.
In addition, the company performed the Bhumi Pujan ceremony for three major brownfield infrastructure projects in West Bengal during the quarter.
GRSE Focuses on Indigenous Shipbuilding and Infrastructure Expansion
According to the CMD, these operational milestones reflect GRSE’s continued focus on strengthening indigenous shipbuilding capabilities and expanding its infrastructure.
The company’s initiatives are also aimed at contributing to India’s maritime security and defence preparedness under the Aatmanirbhar Bharat vision.
With growth in revenue and profitability, along with progress in major shipbuilding and infrastructure projects, GRSE continues to strengthen its position in India’s defence and maritime manufacturing sector.
About Garden Reach Shipbuilders & Engineers Limited (GRSE)
Garden Reach Shipbuilders & Engineers Limited (GRSE) is a Navratna public sector undertaking under the Ministry of Defence, Government of India. Headquartered in Kolkata, the company is engaged in the design, construction and repair of warships and other vessels for the Indian Navy, Indian Coast Guard and other customers. GRSE plays an important role in strengthening India’s indigenous shipbuilding capabilities and maritime defence infrastructure.
Read also: GRSE Signs ₹32,000 Crore Contract with Indian Navy to Build Five Next Generation Corvettes
