Defence stocks plunge on profit booking; Paras Defence, GRSE, BEL, Bharat Dynamics, among top losers
Paras Defence and Space Technologies share price emerged as the top laggard, falling 7.8%. Other major losers included Garden Reach Shipbuilders & Engineers, Astra Microwave Products, Bharat Electronics, Zen Technologies, and Bharat Dynamics, each shedding between 1% and 2%.
On the flip side, DCX Systems, Unimech Aerospace and Manufacturing, BEML, Cyient DLM and Hindustan Aeronautics (HAL) were the only gainers in the Nifty India Defence index.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
5 days ago
- Business Standard
Garden Reach Shipbuilders & Engineers standalone net profit rises 37.84% in the June 2025 quarter
Sales rise 29.73% to Rs 1309.87 croreNet profit of Garden Reach Shipbuilders & Engineers rose 37.84% to Rs 120.18 crore in the quarter ended June 2025 as against Rs 87.19 crore during the previous quarter ended June 2024. Sales rose 29.73% to Rs 1309.87 crore in the quarter ended June 2025 as against Rs 1009.72 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 30 OPM %8.545.57 -PBDT178.37125.88 42 PBT166.72115.44 44 NP120.1887.19 38 Powered by Capital Market - Live News
Economic Times
5 days ago
- Economic Times
GRSE Q1 Results: PAT surges 38% YoY to Rs 120 crore, revenue up 30%
Garden Reach Shipbuilders & Engineers (GRSE) on Friday announced its first quarter for FY26, posting a profit after tax (PAT) of Rs 120.17 crore, up 37.8% YoY from Rs 87.19 crore in the year-ago period. The company's revenue from operations rose 29.7% YoY to Rs 1,309.87 crore for the quarter ended June 30, 2025, against Rs 1,009.72 crore reported in the same quarter of the previous financial year. ADVERTISEMENT However, sequentially, the company's net profit witnessed a decline of nearly 51% from Rs 244.25 crore in Q4FY25. GRSE's total income surged 27.5% to Rs 1,382.41 crore in the June quarter from Rs 1,083.59 crore in the corresponding quarter of the previous financial year. On a sequential basis, it was down from Rs 1,755.97 crore in the fourth quarter of FY25. For the quarter ended June 30, 2025, the company reported a debt-equity ratio of 0.012 times, showing a slight increase from 0.005 times in the same quarter last year. The debt service coverage ratio stood at 20.52 times, marginally lower than 21.83 times recorded in the year-ago period. Also read | SBI Q1 Results: Standalone PAT jumps 12% YoY to Rs 19,160 crore, beats Street estimates Meanwhile, the interest service coverage ratio improved to 28.39 times from 28.23 times in the corresponding quarter of the previous year. ADVERTISEMENT The company's net worth rose to Rs 2198.80 crore in the quarter ended June 30, 2025, up from Rs 1760.90 crore in the same period last year. Further, the earnings per share (EPS) also improved to Rs 10.49 from Rs current ratio rose marginally to 1.18 times compared to 1.14 times a year earlier. ADVERTISEMENT GRSE released its Q1 results during the market hours, post which, the stock recovered from its day's lows to trade 1.4% higher at Rs 2,580 on the BSE. Also read: Explained: Nestle India 1:1 bonus issue; what it means for investors? ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Time of India
GRSE Q1 Results: PAT surges 38% YoY to Rs 120 crore, revenue up 30%
Garden Reach Shipbuilders & Engineers (GRSE) on Friday announced its first quarter for FY26, posting a profit after tax (PAT) of Rs 120.17 crore, up 37.8% YoY from Rs 87.19 crore in the year-ago period. The company's revenue from operations rose 29.7% YoY to Rs 1,309.87 crore for the quarter ended June 30, 2025, against Rs 1,009.72 crore reported in the same quarter of the previous financial year. However, sequentially, the company's net profit witnessed a decline of nearly 51% from Rs 244.25 crore in Q4FY25. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo GRSE's total income surged 27.5% to Rs 1,382.41 crore in the June quarter from Rs 1,083.59 crore in the corresponding quarter of the previous financial year. On a sequential basis, it was down from Rs 1,755.97 crore in the fourth quarter of FY25. For the quarter ended June 30, 2025, the company reported a debt-equity ratio of 0.012 times, showing a slight increase from 0.005 times in the same quarter last year. The debt service coverage ratio stood at 20.52 times, marginally lower than 21.83 times recorded in the year-ago period. Also read | SBI Q1 Results: Standalone PAT jumps 12% YoY to Rs 19,160 crore, beats Street estimates Live Events Meanwhile, the interest service coverage ratio improved to 28.39 times from 28.23 times in the corresponding quarter of the previous year. The company's net worth rose to Rs 2198.80 crore in the quarter ended June 30, 2025, up from Rs 1760.90 crore in the same period last year. Further, the earnings per share (EPS) also improved to Rs 10.49 from Rs 7.61. The current ratio rose marginally to 1.18 times compared to 1.14 times a year earlier. GRSE released its Q1 results during the market hours, post which, the stock recovered from its day's lows to trade 1.4% higher at Rs 2,580 on the BSE. Also read: Explained: Nestle India 1:1 bonus issue; what it means for investors?
