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Earnings Call

Garden Reach Shipbuilders & Engineers Earnings Call: Key Takeaways

GRSE reports record revenue and profit for FY26, driven by an aggressive warship execution schedule and successful delivery of eight vessels.

Why this was an Alfa AlertNot a filter event. Management reported record results but did not explicitly compare them to a specific prior numerical guidance range.
Highlights
Revenue growthFY26 revenue grew 38% YoY to ₹7,002 crore.
MarginsEBITDA margins improved to 11.6%, aided by provision write-backs.
Order bookStands at ₹15,324 crore; execution rate is improving significantly.
Demand visibilityStrong pipeline with ₹1.5 lakh crore worth of upcoming defense tenders.
Management confidenceHighly optimistic, emphasizing record execution rates and delivery milestones.

Growth

FY26 revenue grew 38% YoY to ₹7,002 crore; PAT rose 42% to ₹748 crore, marking the company's best financial performance.

Outlook

Management targets maintaining 11.5% EBITDA margins and anticipates significant revenue from the ₹33,000 crore NGC project starting FY28.

Risks

The order book dropped below ₹20,000 crore, posing mid-term revenue replenishment risks despite a massive ₹1.5 lakh crore bid pipeline.

Source

Earnings Call filed with NSE, NSE: GRSE. Summary written with AI assistance from the document.

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Garden Reach Shipbuilders & Engineers Ltd: key numbers

Share price
₹2,319.00
Market cap
₹26,565 Cr
Revenue (annual)
₹7,002 Cr
Net profit (annual)
₹747.9 Cr
P/E (TTM)
33.2×Sector 53.6×
Promoter holding
74.50%+0.00% QoQ
FII holding
3.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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concurrent construction capacity
28.0 ships