Garden Reach Shipbuilders & Engineers Limited

Garden Reach Shipbuilders & Engineers Limited delivered a robust fiscal year 2026, marked by record revenue of INR 7,002 crore, a 38% year-over-year increase, and a 42% jump in net profit to INR 748 crore. Driven by project amendments and the delivery of eight warships, the company also boasts a substantial order book of INR 15,324 crore and anticipates a significant Next Generation Corvette contract worth approximately INR 33,000 crore to be finalized soon. Management’s focus on expanding shipbuilding capacity and a pipeline of future orders exceeding INR 1.5 lakh crore suggests continued growth potential, though investors should monitor the impact of revised cost estimations on future profitability.