GRSE Shares Rise 18% After Robust Q4 FY25 Results

On Wednesday, the Garden Reach Shipbuilders share price jumped 17.87 percent, touching a day’s high price of Rs. 2,257 per share on NSE. It delivered an outstanding financial performance in Q4FY25 and the full fiscal year FY25, marking record highs in revenue and profit. For the quarter ended March 31, 2025, GRSE reported a net profit after tax (PAT) of Rs. 244 crore, more than doubling the Rs 111.6 crore earned in the same quarter of the previous year, reflecting a 119 percent year-on-year increase. This sharp rise in profitability was supported by a 62 percent surge in revenue from operations, which reached Rs. 1,642 crore in Q4FY25 compared to Rs. 1,016 crore in Q4FY24. The operational EBITDA also soared by 145 percent to Rs 220.95 crore, expanding the EBITDA margin from 8.9 percent to 13.5 percent, highlighting improved operational leverage and cost efficiencies during the quarter.

For the entire fiscal year 2024-25, GRSE posted a net profit of Rs. 527 crore, registering a growth of 48 percent over Rs. 357 crore in FY24. Total income for FY25 rose significantly to Rs 5,411 crore, up 39 percent from Rs 3,892 crore in the previous year. Revenue from operations increased by 41 percent to Rs. 5,076 crore from Rs. 3,593 crore, while EBITDA climbed 79 percent to Rs. 421 crore, underscoring the company’s strong operational momentum and margin expansion. Profit before tax (PBT) also grew by 46 percent to Rs. 703 crore in FY25 from Rs. 481 crore in FY24. The earnings per share (EPS) improved to Rs. 46.04 in FY25 from Rs. 31.19 in FY24, reflecting the company’s improved profitability and shareholder value creation.

The company declared a final dividend of Rs. 4.90 per share for FY25, subject to shareholder approval. The order book as of 31st December 2024 stood at Rs. 23,877 crore, and the management had expected it to cross Rs. 40,000 crore as per various sources. GRSE stock responded positively by rising over 15 percent, and it has delivered a remarkable 127 percent gain over the past 12 months. The stock’s strong performance reflects investor confidence in the company’s growth trajectory and its position in the defence shipbuilding sector.

Commenting on the results, Commodore P.R. Hari, the Chairman and Managing Director of Garden Reach Shipbuilders & Engineers Limited, said, “I am Happy to report yet another set of strong numbers. With our strong order book, production maturity of the ongoing projects, and order visibility, including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year.”

In summary, GRSE’s Q4FY25 and FY25 results underscore a period of growth and operational excellence. The company’s ability to more than double its quarterly profit, achieve record annual revenue and profit, expand margins, and increase dividends highlights its growth trajectory with robust financial stability.