Garden Reach Shipbuilders & Engineers Ltd.'s net profit for the first quarter of financial year 2027 jumped 44% year-on-year, according to an exchange filing on Wednesday.
The defense PSU posted a bottom-line of Rs 173 crore in the quarter ended June 30, as against Rs 120 crore in the year-ago period. Revenue surged 38.5% to Rs 1,815 crore from Rs 1,310 crore in the corresponding quarter of FY25.
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Earnings before interest, taxes, depreciation and amortisation rose 32.4% to Rs 149 crore from Rs 113 crore, and margin expanded 40 basis points to 8.2% from 8.6%. Further, other income rose to Rs 100 crore from Rs 72.5 crore.
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Garden Reach Q1 FY27 (YoY)
- Net profit up 44.2% to Rs 173 crore from Rs 120 crore
- Revenue up 38.5% to Rs 1,815 crore from Rs 1,310 crore
- Ebitda up 32.4% to Rs 149 crore from Rs 113 crore
- Margin down 40 basis points to 8.2% from 8.6%
- Other income up to Rs 100 crore from Rs 72.5 crore
Garden Reach Share Price
The shares traded 0.66 % higher at Rs 2,626 apiece on the NSE as of 3:10 p.m.; they went as high as 2,665 during the day. This compares to a 1.14% advance in the benchmark Nifty index on Wednesday.
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