GRSE shares rises 2% after Q2 net profit climbs 12% YoY

Listen to this article in summarized format Listen Loading... × × Subscribe to Unlock AI Briefing and Premium Content New Year Offer 24 Hours Left Subscribe Now Already a member? Sign In What's Included Exclusive Stories Daily ePaper Access Smart Market Tools Curated Investment Ideas Ad-lite Experience Subscription ET Online Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose 2% on Thursday to hit an intraday high of Rs 2,274 on the NSE after the company reported a 12% year-on-year rise in Q2 FY27 net profit to Rs 171.97 crore. Revenue for the quarter increased 9% to Rs 1,827 crore. According to an exchange filing, GRSE had reported a net profit of Rs 153.79 crore and revenue of Rs 1,677 crore in Q2 FY26. Also Read | GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9% The total income for Q2FY27 was recorded at Rs 1,886 crore, registering a growth of 8% on a year-on-year basis from Rs 1,746 crore in Q2FY26. The company's total expenses rose nearly 8% YoY to Rs 1,654 crore during the second quarter of FY27, from Rs 1,537 crore reported in the year-ago period. This was driven by a 60% surge in total expenses to Rs 1.09 lakh crore. The shipbuilder's net profit margin inched slightly higher at 9.47% in Q2 FY27 from 9.17% in the corresponding quarter of the previous financial year. Its earnings per share increased to Rs 30.10 apiece from Rs 23.92 in the same period last year. Live Events EBITDA for Q2FY27 was reported at Rs 254 crore registering a growth of 13% from Rs 225 crore in Q2FY26. “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,” said Cmde PR Hari, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers. “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,” he further said. Garden Reach Shipbuilders & Engineers (GRSE) share price Shares of Garden Reach Shipbuilders & Engineers (GRSE) gained 5.12% over the past week and 7.92% in the last month. However, the stock has declined 8% so far in the current calendar year and 20.23% over the past year. Over a longer period, the stock has delivered strong returns, rising 188.78% in the last three years and 746.53% in the last five years. Also Read | GRSE shares jump 9% after signing Rs 32,000 crore Indian Navy contract for five next-generation corvettes Disclosure: This article has been written by Surbhi Khanna, who is not a SEBI-registered Research Analyst or an investment advisor . Surbhi Khanna does not hold any financial interest in Economic Times as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel ) Read More News on GRSE share price GRSE Q2 results Garden Reach Shipbuilders Q2 results GRSE net profit GRSE revenue Q2 FY27 GRSE share price today GRSE stock performance Garden Reach Shipbuilders share news (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today . 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