Financial Performance Highlights

GRSE reported strong financial performance for Q1 FY27 with significant year-over-year growth across all key metrics:

Key Financial Figures (₹ in crore):

  • Total Income: ₹1914.18 crore in Q1 FY27 vs ₹1382.42 crore in Q1 FY26, representing 38.47% growth
  • Revenue: ₹1814.62 crore in Q1 FY27 vs ₹1309.87 crore in Q1 FY26, representing 38.53% growth
  • EBITDA: ₹248.79 crore in Q1 FY27 vs ₹184.46 crore in Q1 FY26, representing 34.88% growth
  • PBT (Profit Before Tax): ₹231.53 crore in Q1 FY27 vs ₹166.72 crore in Q1 FY26, representing 38.87% growth
  • PAT (Profit After Tax): ₹172.84 crore in Q1 FY27 vs ₹120.17 crore in Q1 FY26, representing 43.83% growth
  • EPS (Earnings Per Share): ₹15.09 in Q1 FY27 vs ₹10.49 in Q1 FY26, representing 43.83% growth

Management Commentary

Cmde PR Hari, IN (Retd), Chairman and Managing Director of GRSE, commented on the results, stating that the Q1 FY27 results have been encouraging with strong performance. He noted that the company's efforts towards excellence contributed to GRSE's recent elevation to Navratna status.

Strategic Outlook and Business Development

The company is adopting an aggressive business development, marketing and bidding strategy to secure both domestic and export orders. GRSE is simultaneously focusing on both greenfield and brownfield expansion to build larger and more technologically advanced platforms. The company plans to continue adopting and leveraging new technology, including AI-driven shipbuilding to enhance efficiency.

Company Background

GRSE is a Navratna Public Sector Undertaking under the administrative control of Ministry of Defence, Government of India. The company has four distinct shipyards and has built over 800 platforms, including 118 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - the highest number of warships built & delivered by any Indian shipyard. The company has diversified into engineering business with products including pre-fabricated steel bridges, deck machinery items, and marine diesel engines.