Garden Reach Shipbuilders & Engineers Q2 FY27: revenue up 8.9% to ₹1,827 Cr, net profit up 11.8% to ₹172 Cr
Results · 11 Nov 2026 · Garden Reach Shipbuilders & Engineers (GRSE)
| Q2 FY27 | ₹ Cr | YoY |
|---|---|---|
| Revenue | 1,827 | +8.9% |
| Operating profit | 196 | +25.2% |
| Net profit | 172 | +11.8% |
Garden Reach Shipbuilders and Engineers (GRSE), a Navratna defence PSU, reported Q2 FY27 revenue of Rs 1,827 crore, up 9% year on year, with EBITDA of Rs 254 crore, up 13%, and PAT of Rs 172 crore, up 12%; H1 FY27 revenue rose 22% to Rs 3,641 crore and PAT rose 26% to Rs 345 crore.
Quarter milestones included the launch of the second Next Generation Offshore Patrol Vessel Shruti for the Indian Navy, the Ocean Research Vessel Sagar Manthan for NCPOR, and Bhumi Pujan of three brownfield infrastructure projects in West Bengal.
Operating margin was 10.7%, up 1.4 pp on a year earlier and up 2.5 pp on the quarter before.
NSE filing (PDF) · Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.