Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Results Update

GRSE's Q2 FY27 revenue rose 9% to Rs 1,827 Cr, with PAT up 12%. H1 revenue grew 22%, backed by vessel launches and infrastructure projects.

Garden Reach Shipbuilders & Engineers Q2 FY27 Results: Net Profit ₹172 Cr, Up 11.8% YoY

Garden Reach Shipbuilders & Engineers Ltd reported revenue from operations of ₹1,827 Cr (+8.9% YoY) and net profit of ₹172 Cr (+11.8% YoY) for Q2 FY27.

Key figure

Net profit ₹172 Cr · +11.8% YoY

Garden Reach Shipbuilders & Engineers Bags ₹32,000 Cr Order from Indian Navy

GRSE signed a contract with the Indian Navy for five Next Generation Corvettes, valued at about ₹32,000 crore. The win strengthens its defence order book.

Value

₹32,000 Cr

From

Indian Navy (Ministry of Defence, Government of India)

Garden Reach Shipbuilders & Engineers Management Change

GRSE appointed Shri Laishram Meenabanta Singh as Part-time Non-Official Independent Director w.e.f. 02 Nov 2026. The term is three years, as per Ministry of Defence order.

Garden Reach Shipbuilders & Engineers Board Meeting Date

GRSE rescheduled its board meeting from 04 Nov to 11 Nov 2026 to approve Q1/H1 FY27 unaudited results. Trading window extended to 13 Nov 2026.

Garden Reach Shipbuilders & Engineers Board Meeting Date

Garden Reach Shipbuilders will hold a board meeting on 4 November 2026 to consider unaudited results for the quarter and half year ended 30 September 2026. The trading window stays closed from 1 October to 6 November 2026.

Garden Reach Shipbuilders & Engineers Management Change

Garden Reach Shipbuilders & Engineers Ltd appointed Shri Dharminder Kumar as a Part-time Non-Official Independent Director on its Board, effective from October 16, 2026.

Garden Reach Shipbuilders & Engineers Other Announcement

Garden Reach Shipbuilders & Engineers Ltd has filed its quarterly shareholding pattern as mandated by SEBI regulations. This routine disclosure provides the latest promoter and public holding.

Garden Reach Shipbuilders & Engineers Management Change

GRSE appointed two new Independent Directors via a MoD letter. The appointments are effective from their DIN allotment date.

Garden Reach Shipbuilders & Engineers Annual General Meeting

Garden Reach Shipbuilders held its 110th Annual General Meeting. Resolutions included financial statement adoption, dividend declarations, and several director appointments.

Garden Reach Shipbuilders & Engineers Other Announcement

Garden Reach Shipbuilders & Engineers Ltd announced the appointment of M/s. S K Agrawal and Co. as Statutory Auditors. The appointment for FY 2026-27 follows C&AG direction.

Execution

FY 2026-27

Garden Reach Shipbuilders & Engineers Capacity Expansion: ₹2,896 Cr Investment

Garden Reach Shipbuilders & Engineers Ltd has approved a capital budgetary outlay of ₹2,896 crore to construct a new Greenfield Shipyard at Raichak for capacity enhancement.

Value

₹2,896 Cr

Garden Reach Shipbuilders & Engineers Dividend

Garden Reach Shipbuilders & Engineers Ltd. has fixed 18th September, 2026, as the record date for the final dividend for the financial year 2025-26.

Garden Reach Shipbuilders & Engineers Annual General Meeting

Garden Reach Shipbuilders & Engineers Ltd. will hold its 110th AGM on 25th September 2026 via video conferencing. The company also announced book closure and dividend details.

Garden Reach Shipbuilders & Engineers Annual Report

Garden Reach Shipbuilders & Engineers Limited has released its Annual Report for FY 2025-26. The 110th Annual General Meeting is scheduled for September 25, 2026.

concurrent construction capacity

28.0 ships

Garden Reach Shipbuilders & Engineers Partnership

Garden Reach Shipbuilders & Engineers signed two MoUs with DNV and Damen Technical Cooperation. The partnerships focus on warship design, green technologies, and indigenous dredger construction.

Garden Reach Shipbuilders & Engineers Bags ₹45.02 Cr Order

Garden Reach Shipbuilders & Engineers Limited secured a ₹45.02 Crore order from WBTDCL. The contract involves procuring two electric ferries within 18 months.

Value

₹45.02 Cr

Execution

18 months from the date of signing of contract

Garden Reach Shipbuilders & Engineers Capacity Expansion: ₹2,670 Cr Investment

Garden Reach Shipbuilders is undertaking capacity expansion at three West Bengal facilities with ₹2,670 Crore investment. The projects at Raichak, Shalimar, and Kidderpore will enhance indigenous shipbuilding capabilities.

Value

₹2,670 Cr

Garden Reach Shipbuilders & Engineers Earnings Call Transcript: Key Takeaways

GRSE reports strong Q1FY27 growth and Navratna status, driven by high execution rates. While order book fell below ₹15,000 Cr, management remains optimistic about massive upcoming RFPs exceeding ₹1.5 Lakh Cr.

Garden Reach Shipbuilders & Engineers Bags ₹37.48 Cr Order

GRSE received a Letter of Intent from Syama Prasad Mookerjee Port. The contract involves constructing one 15 T Bollard Pull Tug worth ₹37.48 Crore.

Value

₹37.48 Cr

Garden Reach Shipbuilders & Engineers Bags ₹1,032 Cr Order

Garden Reach Shipbuilders won a ₹1,032.07 Crore contract from ONGC to construct four Platform Supply Vessels. The project will be completed within 48 months.

Value

₹1,032 Cr

Execution

48 months

Garden Reach Shipbuilders & Engineers Results Update

Garden Reach Shipbuilders & Engineers released Q1 FY27 financial performance highlights, reporting revenue of ₹1,814.62 Crore and PAT of ₹172.84 Crore.

Garden Reach Shipbuilders & Engineers Board Meeting Date

Garden Reach Shipbuilders will hold a board meeting on July 29, 2026. The board will consider and approve unaudited financial results for June quarter.

Garden Reach Shipbuilders & Engineers Management Change

Garden Reach Shipbuilders appointed M/s. SPAN & Associates as Internal Auditors. M/s. Bandyopadhyaya Bhaumik & Co was appointed as Cost Auditors for FY 2026-27.

Execution

12 months

Garden Reach Shipbuilders & Engineers Board Meeting Outcome

Garden Reach Shipbuilders & Engineers approved the appointment of M/s. Bandyopadhyaya Bhaumik & Co. as Cost Auditors. The appointment is for the 2026-27 financial year.

Execution

FY 2026-27

Garden Reach Shipbuilders & Engineers Other Announcement

Garden Reach Shipbuilders & Engineers approved the appointment of M/s. SPAN & Associates as Internal Auditors. The appointment covers the financial year 2026-27.

Execution

FY 2026-27

Garden Reach Shipbuilders & Engineers Management Change

Garden Reach Shipbuilders & Engineers promoted seven officers to Chief General Manager. These promotions are effective from July 1, 2026.

Garden Reach Shipbuilders & Engineers Bags ₹33 Cr Order

GRSE secured a ₹33 Crore contract from the Ministry of External Affairs for a ship refit. The project will be executed within three months.

Value

₹33.00 Cr

Execution

3 months

Garden Reach Shipbuilders & Engineers Management Change

Garden Reach Shipbuilders appointed Dr. Vijay Namdeorao Zade as a Government Nominee Director. This appointment follows his nomination by the Ministry of Defence.

Garden Reach Shipbuilders & Engineers Management Change

Government Nominee Director Mr. Dinesh Mahur has ceased his role at GRSE following nomination withdrawal. The change is effective from June 5, 2026.