Shares of Garden Reach Shipbuilders and Engineers gained by a percent to Rs 2,555 on August 11 after the company posted strong June quarter results across all key performance indicators.
So far in 2025, the defence stock has gained 52 percent, sharply outperforming the benchmark Nifty 50 index, which has risen just 2 percent over the same period.
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In Q1FY26, the company’s revenue jumped 30 percent year-on-year to Rs 1,310 crore from Rs 1,010 crore in the same quarter last year. Net profit also rose 38 percent year-on-year to Rs 120 crore.
At the operational level, earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 101 percent to Rs 112 crore in Q1FY26 from Rs 56 crore in Q1FY25. The EBITDA margin expanded to 8.5 percent from 5.5 percent a year earlier.
Key factors to watch include the award date and execution of Next-gen Corvettes (NGCs) worth over Rs 25,000 crore, as well as the progress in executing the Anti-Submarine Warfare (ASW) Shallow Water Crafts project.
During its March quarter earnings call, the management said the company’s order book stood at Rs 22,680 crore and projected that peak execution is likely to be achieved by the end of the current financial year.
Last week, Garden Reach signed a non-binding Memorandum of Understanding (MoU) with Reintjes GmbH, Hameln, Germany. The MoU aims to foster a wide range of collaborations, including integrating Reintjes GmbH’s high-quality propulsion gear trains with selected engines for ships to be built at the company’s shipyard.
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