GRSE Q4 FY26 Results: Profit Rises 24% To ₹303 Crore; ₹6.70 Dividend Declared; Shares Surge 15%

By Kotak News Desk
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29 Apr 2026 at 12:12 PM IST
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Market News
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Summary

Garden Reach Shipbuilders & Engineers (GRSE) reported a 24% YoY rise in Q4 FY26 net profit to ₹303 crore, with revenue up 29% to ₹2,119 crore. The board recommended a final dividend of ₹6.70 per share, and FY26 PAT grew 42% to ₹748 crore.

State-run defense public sector undertaking Garden Reach Shipbuilders & Engineers (GRSE) reported a 24% year-on-year rise in net profit for Q4 FY26, supported by robust execution and strong topline growth.

Net profit after tax (PAT) came in at ₹303 crore, up from ₹244 crore in the corresponding quarter of FY25. Revenue from operations rose 29% YoY to ₹2,119 crore, against ₹1,642 crore a year ago.

Total income grew 24.72% to ₹2,190 crore, while profit before tax (PBT) jumped 26.98% to ₹410.85 crore from ₹323.55 crore in Q4 FY25.

GRSE shares jumped in early morning trade today. The stock surged up to 15% after the company reported its Q4 FY26 results on Tuesday. It touched ₹3,327, rising sharply from Tuesday’s closing price of ₹2,875.

Important Numbers At A Glance

PAT (Q4): ₹303 crore, up 24% year-on-year (YoY).
Revenue from Operations (Q4): ₹2,119 crore, up 29% YoY.
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) (Q4): ₹426 crore, up 27% YoY.
PBT (Q4): ₹410.85 crore, up 26.98% YoY.
EPS (Q4): ₹26.47 vs ₹21.32 YoY.
FY26 PAT: ₹748 crore, up 42% YoY.
FY26 Revenue: ₹7,002 crore, up 38% YoY.

Dividend Details

The board recommended a final dividend of ₹6.70 per equity share for FY26, subject to shareholder approval at the company's 110th annual general meeting (AGM). The dividend will be paid within 30 days of the AGM declaration, GRSE said in its exchange filing.

Also Read - Dhanlaxmi Bank Q4 FY26 Results: Net Profit Rises 50% To ₹43.49 Crore

Management Commentary

Speaking on the results, Chairman and Managing Director Cmde PR Hari described FY26 as a landmark year for GRSE. According to him, the strong physical output on the shop floor has finally shown up in the numbers. The company built and handed over eight warships during the year, which works out to roughly one ship every six weeks. That, Hari said, is a credible benchmark by any yardstick. Going forward, he flagged three priorities: building deeper capabilities in-house, bringing in newer technologies, and diversifying the business in a measured way.

Sources:

Economic Times

NDTV Profit

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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