News

Garden Reach Shipbuilders & Engineers (GRSE) share price skyrocketed 15% on Wednesday, 29 April, after posting strong financial results for the quarter ending on March 31, 2026.

The defence stock opened at ₹3,100 apiece today, as compared to previous close of ₹2,875.30 on Tuesday. The stock touched an intraday high of ₹3,339 per share on 29 April.

On Tuesday, Kolkata-based defence PSU company reported a 24% year-on-year *YoY) increase in net profit for Q4FY26 at ₹303.19 crore, compared with ₹244.2 crore in the same period last year

The company’s revenue rose 29% to ₹2,119 crore from ₹1,642 crore a year ago. EBITDA surged 61% to ₹355 crore in the March quarter, up from ₹221 crore in the corresponding period last year, while the EBITDA margin improved to 16.8% from 13.4%.

The board has recommended a final dividend of ₹6.70 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting (AGM). The company said the dividend will be paid within 30 days of its declaration at the 110th AGM.

“FY26 marks a landmark year for GRSE wherein our robust physical performance has been translated into strong financial results. During the year, we delivered eight warships, which means a ship every one & a half months, a credible achievement by any standards. We intend to maintain the tempo in the years ahead through capability enhancement, new technology adoption and calibrated business diversification,” said PR Hari (retd), Chairman and Managing Director, Garden Reach Shipbuilders & Engineers.

More to come..

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.