Kolkata, 13th November 2024: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country has announced its financial results for the second quarter & half year ended September 30th, 2024.
H1FY25 Compared with H1FY24:
- The Total Income stood at Rs. 2,311 Crore in H1FY25 as against Rs. 1,796 crore in H1FY24
- Revenues from operations for the six months ended September 30th, 2024 stood at Rs. 2,163 Crore as compared to Rs. 1,654 crore in H1FY24
- The Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands Rs. 274 crore in H1FY25, as against Rs 237 Crore in H1FY24. The Company’s EBITDA margin stood at 16%
- Profit Before Tax (PBT) stood at Rs. 246 Crore for H1FY25 as compared to Rs 209 Crore in H1FY24.The Company’s PBT margin stood at 18%
- Profit After Tax (PAT) reported stood Rs. 185 Crore in H1FY25 as against Rs. 157 Crore in H1FY24.The Company’s PAT margin stood at 18%
Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “Our Q2 & H1/ FY 24 results have been very encouraging and our existing orders for Indian Navy, coupled with orders for commercial vessels and specialized research vessels provide us a clear growth path. With a strong order book and more orders on the anvil, the foreseeable future looks promising and we are confident of continued delivery of strong numbers“.
