Shares of Garden Reach Shipbuilders & Engineers jumped as much as 18 percent to touch 10-month high of Rs 2,264 per share on May 14 following upbeat earnings for the March-ended quarter.
The company's revenue from operations climbed by 61.7 percent year-on-year (YoY) to Rs 1,642 crore in Q4FY25 from Rs 1,015.7 crore in the year-ago period. Its net profit surged 119 percent YoY to Rs 244.2 crore during the quarter, while EBITDA jumped 142 YoY to Rs 219 crore. Earnings per share (EPS) for the quarter stood at Rs 21.32, up from Rs 9.74 in Q4FY24.
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The buzz around defence continues since the launch of Operation Sindoor as investors bet on increased defence spending equipment and Prime Minister’s call for more indigenous manufacturing.
"The procurement pipeline for defence warships is substantial, though it is often subject to multi-year delays. Nevertheless, based on industry interactions, we have a fair degree of confidence and visibility on key big-ticket orders worth Rs 2,12,000 crore that are likely to be placed during FY26–27," said analysts at Antique Broking.
The company’s present order book remains strong with major projects on track to be executed in the next 3–4 years. It comprises P17A stealth frigates , anti-submarine warfare shallow water crafts, a survey vessel large project, and next-generation offshore patrol vessels.
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