Garden Reach Q4 Results: Profit More Than Doubles
The board of GRSE recommended a final dividend of Rs 4.9 per share for the financial year 2024-25.
Garden Reach Shipbuilders & Engineers Ltd.'s net profit more than doubled in the quarter ended March 31, 2025.
The company's profit surged to Rs 244 crore in the fourth quarter of fiscal 2025 as compared to Rs 111.6 crore in the same period last year, according to an exchange filing on Tuesday.
GRSE Q4 FY25 Highlights (YoY)
Revenue up 62% to Rs 1,642 crore versus Rs 1,015.7 crore.
Ebitda up 145% to Rs 220.95 crore versus Rs 90.35 crore.
Margin expands to 13.5% versus 8.9%.
Net profit up 119% to Rs 244 crore versus Rs 111.6 crore.
Dividend
The board of GRSE recommended a final dividend of Rs 4.9 per share for the financial year 2024-25, subject to the approval from the shareholders at the annual general meeting.
If approved, the proposed dividend will be paid to eligible shareholders within 30 days of the AGM.
Shares of GRSE closed 5.13% higher at Rs 1,914.8 apiece on the National Stock Exchange, compared to a 1.39% fall in the benchmark Nifty. The stock has risen 111.14% in the last 12 months and 18.46% on a year-to-date basis.
Out of four analysts tracking the company, three recommend a 'buy' rating on the stock and one gave 'sell', according to Bloomberg data. The average of the 12-month analysts' price target implies a potential downside of 31.8%.
