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News18
3 days ago
- Business
- News18
GRSE Shares Surge 10% On Norways Polar Research Vessel Order; Stock Zooms 194% From March Low
Last Updated: Multibagger defence stock Garden Reach Shipbuilders & Engineers (GRSE) surged nearly 10% in intra-day trading on Wednesday GRSE Stock Price: Multibagger defence stock Garden Reach Shipbuilders & Engineers (GRSE) surged nearly 10% in intra-day trading on Wednesday, June 4, hitting its upper circuit limit and marking a fresh 52-week high. This surge follows a significant order win from Norway-based Kongsberg. Since March 2025, GRSE has delivered a staggering 194% gain, outperforming the broader market for the fourth month in a row. According to an official statement, the partnership between GRSE and Kongsberg will enable India to build its first-ever indigenously developed Polar Research Vessel (PRV). 'The MoU between GRSE and Kongsberg marks an important milestone for India's shipbuilding sector, bringing in design expertise for the PRV to meet the needs of the National Centre for Polar and Ocean Research (NCOPR)," the statement said. With its proven track record in constructing complex maritime platforms, such as warships and research vessels, GRSE will build this PRV at its Kolkata yard, bolstering the government's Make in India initiative. GRSE Stock Performance The defence PSU's stock opened at Rs 3,184, higher than its previous close of Rs 3,149.90. It climbed further to Rs 3,464.85, up 9.99%. The rally in GRSE shares aligns with broader gains in defence counters following Operation Sindoor. The stock has surged 104% year-to-date (YTD) and is up 168% in just three months. According to Jigar S Patel, Senior Manager – Technical Research at Anand Rathi Shares and Stock Brokers, GRSE appears overextended at the current level, having rallied around 192% from its March low of Rs 1,185. In the March quarter of FY25, GRSE reported a strong net profit of Rs 244 crore, a sharp rise from Rs 111.6 crore a year earlier. Revenue grew 62% year-on-year to Rs 1,642 crore, up from Rs 1,015.7 crore. On the operational front, EBITDA jumped 145% to Rs 220.95 crore from Rs 90.35 crore a year ago. Operating margins improved to 13.5% from 8.9%. The company's board has recommended a final dividend of Rs 4.9 per share for FY25, pending shareholder approval at the upcoming AGM. Cmde Hari PR, IN (Retd), Chairman and Managing Director of GRSE, commented: 'Happy to report yet another set of strong numbers. With our robust order book, mature execution of ongoing projects, and growing visibility in defence and commercial shipbuilding, I'm confident of an even stronger performance this year." Over the past month alone, GRSE shares have jumped more than 60%, far outpacing the Nifty 50 index, which managed only a 0.3% rise in the same period. First Published: June 04, 2025, 12:51 IST
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Business Standard
14-05-2025
- Business
- Business Standard
Garden Reach Shipbuilders share zooms 18% as Q4 profit more than doubles
Garden Reach Shipbuilders share price: Garden Reach Shipbuilders & Engineers shares were buzzing in trade on Wednesday, May 14, 2025, with the scrip skyrocketing 18.25 per cent to hit an intraday high of Rs 2,264.65 per share. However, at 12:00 noon, Garden Reach Shipbuilders shares were off day's high, and were trading 15.78 per cent higher at Rs 2,217.20 per share. In comparison, BSE Sensex was trading 0.20 per cent higher at 81,313.27 level. What is the reason behind this sharp rally? Garden Reach Shipbuilders shares rallied after the company posted a stellar set of numbers in the fourth quarter of financial year 2025 (Q4FY25). The company's profit more than doubled, or jumped 118.9 per cent year-on-year (Y-o-Y), to Rs 244 crore in Q4FY25, from Rs 112 crore in Q4FY24. At the operating front, earnings before interest, tax, depreciation and amortisation (Ebitda) zoomed 101 per cent Y-o-Y to Rs 335 crore in Q4FY25, from Rs 166 crore in Q4FY24. ' 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,' said Cmde Hari PR, Indian Navy (Retired) chairman and managing director of Garden Reach Shipbuilders & Engineers. Garden Reach Shipbuilders dividend The Board of Directors of the company has recommended a final dividend of Rs 4.90 per equity share for the Financial Year 2024-25, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. About Garden Reach Shipbuilders Garden Reach Shipbuilders & Engineers is a shipbuilding company operating under the Ministry of Defence. Headquartered in Kolkata, Garden Reach Shipbuilders plays a vital role in strengthening India's maritime capabilities, primarily focusing on the construction of sophisticated warships and vessels for the Indian Navy and Coast Guard. In addition to defence projects, the company also undertakes the construction of commercial vessels, highlighting its versatility in shipbuilding. Beyond its core shipbuilding operations, the company has diversified into engineering and engine-related activities. It manufactures a wide range of marine and industrial products including deck machinery, prefabricated steel bridges, and marine pumps. Its engine division specialises in the assembly, testing, and overhauling of MTU diesel engines. With a proven track record of delivering over 100 warships to Indian defence forces, Garden Reach Shipbuilders is also recognised as a major exporter in the global warship market. Its main shipbuilding facility is located at the Rajabagan Dockyard in India.
Time of India
14-05-2025
- Business
- Time of India
GRSE shares zoom 14% after Q4 PAT jumps over 2x YoY
Live Events GRSE share price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Garden Reach Shipbuilders & Engineers ( GRSE ) shares skyrocketed 14.45% in early trade to their day's high of Rs 2,191.90 on the BSE on Wednesday, May 14, after the company reported a sharp 118% YoY jump in its Q4FY25 net profit to Rs 224 is comparable to Rs 112 crore reported in the corresponding quarter of the previous financial revenue from operations grew 62% year-on-year (YoY) to Rs 1,642 crore from Rs 1,016 crore in the same quarter last year. Meanwhile, the company's EBITDA jumped 101% to Rs 335 crore, against Rs 166 crore in the corresponding period of the previous the company had also declared a total dividend of 138.5% of paid-up share capital against 93.6% in the previous year. The recommended dividend stands at Rs 4.90 per the entire financial year 2025, GRSE's PAT rose 48% to Rs 527 crore from Rs 357 crore in FY24. Revenue from operations increased 41% to Rs 5,076 crore from Rs 3,593 crore in the previous EBITDA, also witnessed growth, standing at Rs 756 crore, up 42% from Rs 534 crore in FY24.'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,' said Cmde Hari PR, IN (Retd), Chairman and Managing Director of the past year, the stock of GRSE recorded a 111.08% gain, while the year-to-date (YTD) increase stood at 15.97%. In the last 6 months, the stock rose by 38.29%, with a 35.87% gain over the 3-month period. The past month saw an 18.63% rise in the stock's shares of GRSE closed 5.2% higher at Rs 1,915.05 on the BSE on Tuesday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
14-05-2025
- Business
- Mint
Q4 Earnings Impact: Garden Reach Shipbuilders share price soars over 14% as Q4 net profit more than doubles
Q4 Earnings Impact: Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged over 14 percent on Wednesday, May 14, after the state-owned defence shipbuilder reported a stellar set of numbers for the March 2025 quarter. The company's net profit more than doubled year-on-year (YoY), driven by strong revenue growth and margin expansion. GRSE's net profit rose sharply by 118.9 percent YoY to ₹ 244.2 crore in Q4FY25, compared to ₹ 111.6 crore in the same quarter a year ago. This impressive performance was underpinned by robust revenue growth and improved operational efficiency. Revenue from operations came in at ₹ 1,642 crore, marking a 61.7 percent YoY increase from ₹ 1,015.7 crore in the March 2024 quarter. Operating profitability also improved significantly. The company posted an EBITDA of ₹ 219 crore, up 141.8 percent YoY from ₹ 90.6 crore, while EBITDA margin expanded to 13.3 percent, up from 8.9 percent a year earlier. The company's board recommended a final dividend of ₹ 4.90 per equity share for FY25, subject to shareholder approval. The dividend is scheduled to be paid within 30 days of its declaration at the company's upcoming 109th Annual General Meeting. Cmde Hari PR, IN (Retd), Chairman and Managing Director of GRSE, expressed optimism about the company's outlook. '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,' he said in a statement. Following the earnings announcement, the defense stock jumped 14.4 percent intraday to hit a high of ₹ 2,191.90 on the BSE. Despite the strong rally, the stock remains nearly 23 percent below its all-time high of ₹ 2,834.60, which it hit in July 2024. Over the past year, the stock has delivered multibagger returns, gaining 111 percent. On a monthly basis, GRSE has been on a strong upward trajectory, rising 13.5 percent in May, after a 14 percent gain in April and an impressive 34 percent surge in March. However, the stock did witness some volatility earlier this year, falling 22.6 percent in February, and rising marginally 0.5 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
14-05-2025
- Business
- Time of India
GRSE shares in focus after PAT more than doubles YoY in Q4
Garden Reach Shipbuilders & Engineers ( GRSE ) shares are likely to be in the spotlight on Wednesday, May 14, after the company reported a sharp 118% YoY jump in its Q4FY25 net profit to Rs 224 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo This is comparable to Rs 112 crore reported in the corresponding quarter of the previous financial year. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. GRSE's revenue from operations grew 62% year-on-year (YoY) to Rs 1,642 crore from Rs 1,016 crore in the same quarter last year. Meanwhile, the company's EBITDA jumped 101% to Rs 335 crore, against Rs 166 crore in the corresponding period of the previous fiscal. Additionally, the company had also declared a total dividend of 138.5% of paid-up share capital against 93.6% in the previous year. The recommended dividend stands at Rs 4.90 per share. Live Events For the entire financial year 2025, GRSE's PAT rose 48% to Rs 527 crore from Rs 357 crore in FY24. Revenue from operations increased 41% to Rs 5,076 crore from Rs 3,593 crore in the previous fiscal. The EBITDA, also witnessed growth, standing at Rs 756 crore, up 42% from Rs 534 crore in FY24. Also read: Reliance looks for $1.3-billion gloss finish to its exit from Asian Paints '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,' said Cmde Hari PR, IN (Retd), Chairman and Managing Director of GRSE. GRSE share price performance Over the past year, the stock of GRSE recorded a 111.08% gain, while the year-to-date (YTD) increase stood at 15.97%. In the last 6 months, the stock rose by 38.29%, with a 35.87% gain over the 3-month period. The past month saw an 18.63% rise in the stock's price. The shares of GRSE closed 5.2% higher at Rs 1,915.05 on the BSE on Tuesday.
