Gardenreach Shipbuilder Results Analysis

Operating Revenue for Q2FY26 is Rs. 1,677 Crs., 45.5% growth YoY, Total Income is Rs. 1,746 Crs., 42.2% growth YoY, EBITDA is Rs. 156 Crs., 127.2% growth YoY, EBITDA Margin is 9.31% improved by 335 Basis points YoY, PBT Rs. 209 Crs., 60.4% growth YoY, PAT Rs. 154 Crs. 57.3% growth YoY. On QoQ basis Op. Revenue is up by 28.06%, Total Income is up by 26.31%, EBITDA is also up by 39.5%, EBITDA Margin also improved by 77 basis points, PBT is up by 25.6% and PAT is also up by 28%. Strong Q2 delivery with broad-based execution and margin uplift driven by P-17A phase mix Order book as of 30-Sep-2025: ₹20,205.56 cr, Management expects to close FY26 “with an order book plus ₹50,000 crores.