Garden Reach Shipbuilders & Engineers Limited (GRSE) submitted its unaudited financial results for the quarter ended June 30, 2026, to the National Stock Exchange of India Limited and BSE Limited. The results were approved by the Board of Directors at a meeting held on July 29, 2026, which commenced at 1145 hours and concluded at 1330 hours.
Financial Performance (All figures in ₹ lakh)
Income Statement:
- Revenue from operations stood at ₹1,81,461.59 for Q1 FY27, compared to ₹1,30,986.94 in Q1 FY26 and ₹2,11,921.25 in Q4 FY26.
- Other income was ₹9,956.55 for the quarter.
- Total income reached ₹1,91,418.14.
Expenses:
- Cost of materials consumed: ₹1,24,423.10
- Purchase of products for resale: ₹12,812.27
- Changes in inventories: (₹39.59)
- Sub-contracting charges: ₹8,152.03
- Employee benefits expense: ₹10,134.72
- Finance costs: ₹376.44
- Depreciation and amortization: ₹1,350.11
- Other expenses - project related: ₹7,399.20
- Other expenses: ₹3,657.25
- Total expenses: ₹1,68,265.53
Profitability:
- Profit before tax: ₹23,152.61
- Tax expense: Current tax ₹5,989.61, Deferred tax (₹120.76)
- Profit for the period: ₹17,283.76
- Other comprehensive income (net of tax): ₹70.58
- Total comprehensive income: ₹17,354.34
Per Share Data:
- Earnings per share (basic & diluted): ₹15.09
- Paid-up equity share capital (face value ₹10 each): ₹11,455.20
Key Financial Ratios
- Debt Service Coverage Ratio: 36.26 times
- Interest service coverage ratio: 62.50 times
- Net worth: ₹2,79,966.06 lakh
- Current Ratio: 1.32 times
- Long term debt to working capital: 0.017 times
- Trade Receivables turnover Ratio: 6.27 times
- Inventory Turnover Ratio: 2.23 times
- Net profit margin: 9.52%