
Garden Reach Shipbuilders & Engineers (GRSE) saw its shares jump by 15% after reporting a huge increase in profits for the fourth quarter of FY25.
The company’s revenue grew by 61.66% compared to the same period last year, reaching ₹1,642.03 crore during the quarter that ended on 31st March 2025.

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Profit before tax (PBT) increased by an impressive 111.73%, rising to ₹323.55 crore in Q4 FY25, compared to ₹152.81 crore in Q4 FY24. Earnings before interest, tax, depreciation, and amortization (EBITDA) also saw a rise of 101%, reaching ₹335 crore, compared to ₹166 crore last year.
However, GRSE’s total expenses for Q4 FY25 increased by 52.58%, amounting to ₹1,432.42 crore, compared to ₹938.83 crore in the same quarter of FY24. The cost of materials consumed was ₹1,044.54 crore (up 124.12%), while employee costs increased slightly by 3.04% to ₹97.27 crore. Sub-contracting charges fell by 5.02%, and finance costs were down by 58.46% to ₹1.35 crore.
For the full year FY25, GRSE reported a 47.62% jump in net profit, reaching ₹527.40 crore compared to ₹357.26 crore in FY24. The company’s revenue for the year grew by 41.28%, hitting ₹5,075.68 crore, up from ₹3,592.64 crore last year.
Hari PR, Chairman and Managing Director of GRSE, expressed confidence in the company’s continued growth, saying, “We’re happy with our strong performance. With a strong order book and steady progress on current projects, including in commercial shipbuilding, we’re confident of even better results this year.”
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The company’s board has recommended a final dividend of ₹4.90 per share for FY25, which will be paid after shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days from the AGM.
GRSE, a leading shipbuilding company in India, mainly serves the Indian Navy and Indian Coast Guard. As of 31st March 2025, the Government of India holds 74.5% of the company’s shares.