Kolkata, 11th Nov, 26: Garden Reach Shipbuilders & Engineers Limited (GRSE), a Navratna Public Sector Undertaking under the Ministry of Defence, GOI has announced its financial results for the second quarter ended September 30th, 2026.

The revenue recorded during Q2 FY27 was Rs 1827 Cr, registering a growth of 9% over Q2 FY26. Similarly, the PAT has increased by 12% to Rs 232 Cr during the same period.

Financial Performance:

Particulars (Rs. Cr) Q2 FY27 Q2 FY26 YoY (%) H1-FY27 H1-FY26 YoY (%)
Total Income 1,886 1,746 8 3,800 3,128 21
Revenue 1,827 1,677 9 3,641 2,987 22
EBITDA 254 225 13 503 409 23
PBT 232 209 11 463 376 23
PAT 172 154 12 345 274 26
EPS 15.01 13.43 12 30.10 23.92 26

Commenting on the results, Cmde PR Hari, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “The Q2 & H1 FY27 results have been encouraging, with GRSE once again delivering a strong financial performance. The quarter marked several significant milestones for GRSE, including the launch of the second Next Generation Offshore Patrol Vessel ‘Shruti’ for the Indian Navy & an Ocean Research Vessel ‘Sagar Manthan’ for NCPOR, Ministry of Earth Sciences, and the Bhumi Pujan of three new major brownfield infrastructure projects in West Bengal. These developments underscore GRSE’s continued commitment to strengthening indigenous shipbuilding capabilities, expanding infrastructure and contributing to India’s maritime security and defence preparedness in line with the vision of Aatmanirbhar Bharat.”