GRSE Garden Reach Shipbuilders & Engineers Q2 FY26 results (Jul–Sep 2025) and concall
Garden Reach Shipbuilders & Engineers Ltd. reported a strong Q2 FY26, with revenue from operations growing 45% YoY to ₹1,677 crores and PAT increasing 57% YoY to ₹154 crores. The company's order book stands at ₹20,205.56 crores, supported by ongoing projects and a robust pipeline including the Next-Generation Corvette where GRSE is L1. Management expressed confidence in maintaining growth momentum and outlined significant capacity expansion plans to meet future demand.
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What they filed
Q2 FY26: revenue up 45.4%, net profit up 57.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 1,153 | 1,271 | 1,642 | 1,310 | 1,677 +45% |
| EBITDA | 69 | 75 | 221 | 112 | 156 +126% |
| Net profit | 98 | 98 | 244 | 120 | 154 +57% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
