GRSE Shares Rally After Strong Q4 Results; Defence Sector Prospects Remain Promising
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) saw a sharp spike in its stock price as investors responded positively to the company’s robust fourth-quarter performance for fiscal year 2024-25. The stock surged as much as 18%, climbing to Rs 2,264 per share — its highest level in nearly a year.
The rally in GRSE shares followed the release of GRSE’s financial results for the quarter ending March 31, 2025, which highlighted substantial year-on-year growth in both revenue and profitability. The company’s Q4 revenue soared by 61.7% to Rs 1,642 crore, up from Rs 1,015.7 crore in the same period last year.
Net profit in GRSE shares witnessed an even more dramatic rise, doubling with a 119% year-over-year increase to Rs 244.2 crore. Operational efficiency also improved notably, with EBITDA rising by 142% to Rs 219 crore. Earnings per share (EPS) came in at Rs 21.32 for the quarter, a significant improvement over the Rs 9.74 recorded in Q4 FY24.
Looking ahead, GRSE appears well-positioned for sustained growth. GRSE holds a healthy order book, featuring high-profile naval projects including Project 17A stealth frigates, shallow water anti-submarine crafts, advanced survey vessels, and next-generation offshore patrol ships. These initiatives are expected to be executed over the next three to four years.
GRSE’s performance mirrors the optimistic sentiment permeating India’s defence sector. As the government increases focus on defence self-reliance through initiatives such as “Operation Sindoor,” private and public-sector companies alike are expected to benefit from rising domestic demand and increased defence budgets. Investors in GRSE shares have taken note, driving renewed interest in firms like GRSE that are deeply embedded in the country’s maritime defence infrastructure.
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GRSE Declares Generous Dividend Amid Record-Breaking Financial Year
Garden Reach Shipbuilders & Engineers Ltd. has reinforced its strong financial performance for FY2024–25 with a notable dividend declaration. The company’s Board of Directors has recommended a final dividend of Rs. 4.90 per GRSE share for the year, subject to shareholder approval at the upcoming Annual General Meeting. This comes on top of an earlier interim dividend of Rs. 8.95 per share, bringing the total dividend for the year to Rs. 13.85 per share, which amounts to 138.5% of the paid-up share capital. This marks a substantial increase compared to the previous fiscal year and reflects GRSE’s robust earnings, solid cash position, and its commitment to delivering consistent value to shareholders.
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