Garden Reach Shipbuilders & Engineers (GRSE) surged over 14 percent on Wednesday, May 14, after the state-owned defence shipbuilder reported a stellar set of numbers for the March 2025 quarter. GRSE’s net profit rose sharply by 118.9 percent YoY to ₹244.2 crore in Q4FY25, compared to ₹111.6 crore in the same quarter a year ago. This impressive performance was underpinned by robust revenue growth and improved operational efficiency. Revenue from operations came in at ₹1,642 crore, marking a 61.7 percent YoY increase from ₹1,015.7 crore in the March 2024 quarter. Operating profitability also improved significantly. The company posted an EBITDA of ₹219 crore, up 141.8 percent YoY from ₹90.6 crore, while EBITDA margin expanded to 13.3 percent, up from 8.9 percent a year earlier.

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