GRSE · Garden Reach Shipbuilders & Engineers Limited · NSE · Filed 29 Jul · 1 min read

GRSE Q1 net profit rises to ₹17,283.76 lakh, up from year-ago quarter

The defence shipbuilder's board approved unaudited results for the quarter ended 30 June 2026, with revenue and profit both higher than a year earlier but below the preceding quarter.

What was filed

Garden Reach Shipbuilders & Engineers Limited (GRSE), a Ministry of Defence undertaking, filed unaudited financial results for the quarter ended 30 June 2026. The board approved the results at a meeting on 29 July 2026, and statutory auditors Guha Nandi & Co. issued a limited review report with no adverse conclusion. The filing notes the results were placed directly before the board because of the non-availability of the Audit Committee.

How the quarter compares

Both revenue and profit rose against the same quarter last year, with profit before tax and net profit each higher than the year-ago figures. The comparison against the immediately preceding quarter (ended 31 March 2026) is less favourable, as that quarter carried higher revenue and profit — the figures in the key-numbers panel make the pattern clear. The filing also records a shift in the cost mix: cost of materials consumed rose sharply while sub-contracting charges fell versus the year-ago quarter.

Balance-sheet and ratio disclosures

Under Regulation 52(4), GRSE disclosed that net worth expanded year on year and that leverage remains very low, with a debt-equity ratio of 0.014 times. Interest and debt service coverage ratios both improved against the year-ago quarter. As a defence-production company, GRSE is exempted from segment reporting, and it had no subsidiary, associate or joint venture as on 30 June 2026.

Revenue from operations (Q1: ₹1,30,986.94 → ₹1,81,461.59 lakhQ1 FY26 → Q1 FY27+39%^‡
Profit before tax (Q1: ₹16,671.73 → ₹23,152.61 lakhQ1 FY26 → Q1 FY27+39%^‡
Profit for the period (Q1: ₹12,017.52 → ₹17,283.76 lakhQ1 FY26 → Q1 FY27+44%^‡
Earnings per share (Q1: ₹10.49 → ₹15.09Q1 FY26 → Q1 FY27+44%^‡
Net worth (as on 30.06.: ₹2,19,879.74 → ₹2,79,966.06 lakhQ1 FY26 → Q1 FY27+27%^‡
Net margin ‡: 9.2% → 9.5%Q1 FY26 → Q1 FY27held ~9%

Net profit margin (Q1 FY2026-27): 9.52%
Debt Equity Ratio (Q1 FY2026-27): 0.014 times

‡ Computed by us from the filing’s own figures — not a company-stated number.

Quarterly results let a holder track the trajectory of a state-owned defence shipbuilder's revenue, profitability and balance-sheet strength; the auditors' limited review flagged no material misstatement, though the results bypassed the Audit Committee due to its non-availability.