Garden Reach Share Price At 10-Month High After Q4 Profit Surge

Garden Reach Shipbuilders & Engineers Ltd. saw its shares soar nearly 15%, reaching a 10-month high following the announcement of its fourth-quarter results for fiscal 2025. The company's net profit more than doubled in the latest report.

In the quarter ending March 31, GRSE's net profit surged to Rs 244 crore, an increase from Rs 111.6 crore in the same period the previous year.

The board of GRSE has also proposed a final dividend of Rs 4.9 per share for the financial year 2025. This recommendation is subject to approval by the shareholders at the upcoming annual general meeting. If approved, the dividend will be distributed to eligible shareholders within 30 days of the AGM.

GRSE reported a 62% increase in revenue, reaching Rs 1,642 crore compared to Rs 1,015.7 crore in the corresponding quarter last year. The company's Ebitda also saw a rise of 145%, amounting to Rs 220.95 crore, up from Rs 90.35 crore. The Ebitda margin expanded to 13.5%, compared to 8.9% in the previous year.

The scrip rose as much as 14.89% to Rs 2,200 apiece. It pared gains to trade 11.6% higher at Rs 2,137 apiece, as of 10:00 a.m. This compares to a 0.58% advance in the NSE Nifty 50.

It has risen 116.90% in the last 12 months. Total traded volume so far in the day stood at 8.2 times its 30-day average. The relative strength index was at 72.

Out of four analysts tracking the company, three maintain a 'buy' rating and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 39.1%.