GRSE wins Rs 1,032-crore order from ONGC, stock in focus
GRSE stock slipped 1.48% to Rs 2586.15 on Thursday. Market cap of GRSE fell to Rs 29,624 crore.
- Jul 31, 2026,
- Updated Jul 31, 2026 8:53 AM IST
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) are in focus today after the firm said it has won an order worth Rs 1,032.07 crore from ONGC for the construction of four Platform Supply Vessels.
The project is to be executed over 48 months. Order book of the firm stood at Rs 15,324 crore at the end of FY26.
GRSE stock slipped 1.48% to Rs 2586.15 on Thursday. Market cap of GRSE fell to Rs 29,624 crore. On BSE, around 0.29 lakh shares changed hands amounting to a turnover of Rs 7.57 crore.
The company further added that none of the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s). The order(s)/ contract(s) will not fall within related party transactions.
Net profit rose 43.8% to Rs 172.8 crore in Q1 from Rs 120.2 crore a year earlier. Revenue from operations climbed 38.5% to Rs 1,814.6 crore from Rs 1,309.9 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 33.3% to Rs 149.2 crore from Rs 111.9 crore. EBITDA margin, however, fell to 8.2% from 8.5% in the corresponding quarter last year.
Total income in Q1 rose to Rs 1,914.2 crore in Q1 from Rs 1,382.4 crore a year ago. Profit before tax rose 38.9% to Rs 231.5 crore from Rs 166.7 crore. Earnings per share rose to Rs 15.09 from Rs 10.49 in the year-ago period.
Garden Reach Shipbuilders & Engineers is mainly engaged in the construction of warships.
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) are in focus today after the firm said it has won an order worth Rs 1,032.07 crore from ONGC for the construction of four Platform Supply Vessels.
The project is to be executed over 48 months. Order book of the firm stood at Rs 15,324 crore at the end of FY26.
GRSE stock slipped 1.48% to Rs 2586.15 on Thursday. Market cap of GRSE fell to Rs 29,624 crore. On BSE, around 0.29 lakh shares changed hands amounting to a turnover of Rs 7.57 crore.
The company further added that none of the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s). The order(s)/ contract(s) will not fall within related party transactions.
Net profit rose 43.8% to Rs 172.8 crore in Q1 from Rs 120.2 crore a year earlier. Revenue from operations climbed 38.5% to Rs 1,814.6 crore from Rs 1,309.9 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 33.3% to Rs 149.2 crore from Rs 111.9 crore. EBITDA margin, however, fell to 8.2% from 8.5% in the corresponding quarter last year.
Total income in Q1 rose to Rs 1,914.2 crore in Q1 from Rs 1,382.4 crore a year ago. Profit before tax rose 38.9% to Rs 231.5 crore from Rs 166.7 crore. Earnings per share rose to Rs 15.09 from Rs 10.49 in the year-ago period.
Garden Reach Shipbuilders & Engineers is mainly engaged in the construction of warships.