Kolkata: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Defence PSU under the Ministry of Defence, has reported a strong financial performance for the first quarter of FY26. The company posted a 38% year-on-year rise in Profit After Tax (PAT), which stood at ₹120 crore in Q1 FY26 compared to ₹87 crore in the same quarter last year.
Total income rose by 28% to ₹1,382 crore, while revenue from operations surged 30% year-on-year to ₹1,310 crore.
EBITDA and Profit Margins Improve Sharply
GRSE reported Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) of ₹184 crore in Q1 FY26—up 42% from ₹130 crore in Q1 FY25. Profit Before Tax (PBT) stood at ₹167 crore, marking a 45% increase compared to ₹115 crore last year.
The company’s Earnings Per Share (EPS) also increased significantly, rising to ₹10.49 from ₹7.61 in Q1 FY25.
Also Read: India’s First Exported Warship ‘Barracuda’ Back at GRSE for Comprehensive Upgrade
CMD Reaffirms Growth Outlook
Commenting on the results, Cmde PR Hari, IN (Retd), Chairman and Managing Director, said:
“We have started FY26 on the right note with strong Q1 results. Considering the production maturity levels of the ongoing projects, we are confident of maintaining the growth momentum.”
About GRSE
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a premier shipbuilding PSU under the Ministry of Defence. Headquartered in Kolkata, GRSE is known for delivering a range of state-of-the-art warships, auxiliary vessels, and other maritime platforms for the Indian Navy and Coast Guard. The company plays a vital role in strengthening India’s maritime defence capability and ‘Aatmanirbhar Bharat’ initiatives in defence production.
