📷 Image: Wikimedia Commons / Soumava2002
Business
Garden Reach Shipbuilders Net Profit Soars 43.83% to ₹172.84 Crore in Q1
✍️ Free Press Journal
🗓 29 Jul 2026, 03:42 PM
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The defence shipbuilder reported a 43.83% rise in first‑quarter net profit, reaching ₹172.84 crore, driven by higher contract earnings.
Garden Reach Shipbuilders & Engineers (GRSE) announced that its net profit for the first quarter rose to ₹172.84 crore, a 43.83% increase from the same period last year.
The state‑owned shipbuilder, which operates under the Ministry of Defence, is known for constructing naval vessels and support ships for the Indian Navy.
Management attributed the profit jump to higher contract earnings and improved operational efficiency, although specific revenue figures were not disclosed.
GRSE’s performance reflects the growing demand for indigenous defence ships and the broader push for self‑reliance in India’s shipbuilding sector.
The company remains on track to meet its annual targets and continues to secure new contracts as part of the defence procurement drive.
The state‑owned shipbuilder, which operates under the Ministry of Defence, is known for constructing naval vessels and support ships for the Indian Navy.
Management attributed the profit jump to higher contract earnings and improved operational efficiency, although specific revenue figures were not disclosed.
GRSE’s performance reflects the growing demand for indigenous defence ships and the broader push for self‑reliance in India’s shipbuilding sector.
The company remains on track to meet its annual targets and continues to secure new contracts as part of the defence procurement drive.