HomeNewsBusinessEarningsGarden Reach Shipbuilders: Firing on all cylinders

Garden Reach Shipbuilders: Firing on all cylinders

Strong earnings visibility and attractive valuation could lead to higher returns

Jitendra Kumar Gupta

August 24, 2022 / 15:40 IST

Garden Reach Shipbuilders: Firing on all cylinders

Garden Reach Shipbuilders & Engineers: Garden Reach Shipbuilders reports 144% YoY increase Q1 profit at Rs 50.2 crore supported by higher top line and operating income. The company recorded a 144% year-on-year rise in profit at Rs 50.18 crore for the quarter ended June FY23, supported by higher top line and operating income. Revenue increased by 91% to Rs 579.77 crore compared to corresponding period last fiscal.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More