Garden Reach Shipbuilders & Engineers Ltd. (GRSE) announced its audited financial results for the quarter and financial year ended March 31, 2026, following a Board Meeting held on April 28, 2026. The company reported a robust performance for Q4 FY26, with revenue from operations reaching ₹2,119.21 Crores, representing a significant growth of 29.06% compared to ₹1,642.04 Crores in the corresponding quarter of the previous year (YoY). On a quarter-on-quarter (QoQ) basis, revenue increased by 11.79% from ₹1,895.69 Crores in Q3 FY26. The Net Profit (PAT) for the quarter stood at ₹303.20 Crores, a 24.14% increase from ₹244.25 Crores in Q4 FY25 and a substantial 77.55% jump from ₹170.77 Crores in the preceding quarter. In addition to these strong figures, the Board has recommended a final dividend of ₹6.70 per equity share for FY26.

Garden Reach Shipbuilders & Engineers Ltd. is a premier “Miniratna” Category-I Shipbuilding yard in India under the administrative control of the Ministry of Defence. Based in Kolkata, the company specializes in designing and constructing a wide range of warships and specialized vessels for the Indian Navy and Indian Coast Guard. GRSE’s business operations also extend to engineering products, including portable steel bridges, deck machinery, and marine pumps. As of 2026, the company maintains a dominant position in the sector with the President of India holding a 74.50% stake as the promoter. The firm is currently executing a strong order book, which includes advanced stealth frigates, anti-submarine warfare shallow water crafts, and next-generation offshore patrol vessels.