GRSE Reports Strong Q2 Performance with Net Profit Rising to ₹172 Crore
Garden Reach Shipbuilders & Engineers Limited (GRSE) has announced its unaudited financial results for the quarter and half year ended 30 September 2026. The results were approved by the Board of Directors at its meeting held on 11 November 2026.
The Board meeting commenced at 11:00 hours and concluded at 14:25 hours.
Key Financial Highlights (Standalone)
Quarter ended 30 September 2026 (Q2 FY27)
| Particulars | Q2 FY27 (₹ Lakh) | Q2 FY26 (₹ Lakh) | Growth |
|---|---|---|---|
| Revenue from Operations | 1,82,669.34 | 1,67,738.28 | ↑ |
| Total Income | 1,88,564.37 | 1,74,607.29 | ↑ |
| Profit Before Tax | 23,162.43 | 20,936.03 | ↑ |
| Net Profit | 17,197.50 | 15,378.74 | ↑ |
| Basic & Diluted EPS (₹) | 15.01 | 13.43 | ↑ |
Half Year ended 30 September 2026 (H1 FY27)
| Particulars | H1 FY27 (₹ Lakh) | H1 FY26 (₹ Lakh) | Growth |
|---|---|---|---|
| Revenue from Operations | 3,64,130.93 | 2,98,725.22 | ↑ |
| Total Income | 3,79,982.51 | 3,12,849.03 | ↑ |
| Profit Before Tax | 46,315.04 | 37,607.76 | ↑ |
| Net Profit | 34,481.26 | 27,396.26 | ↑ |
| Basic & Diluted EPS (₹) | 30.10 | 23.92 | ↑ |
Performance Overview
GRSE delivered a solid performance in the second quarter and first half of FY27. Net profit for the quarter rose to ₹171.98 crore, while half-year net profit stood at ₹344.81 crore. Revenue from operations also registered healthy growth on a year-on-year basis.
The Company has submitted the unaudited financial results along with the Limited Review Report of the Statutory Auditors to the stock exchanges. Necessary newspaper publications are being made in English, Hindi and local daily newspapers.