Kolkata, 08th August 2024: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country has announced its financial results for the first quarter ended June 30th 2024.
Highlights of Financial Performance Q1FY25
- Total Income for the Q1FY25 stood at Rs. 1084 Crore against Rs. 827 Crore in Q1FY 24 with growth of 31% (Y-o-Y).
- Revenue from Operation has increased to Rs. 1010 Crore in Q1FY25 from Rs. 756 Crore in Q1FY24, registering a growth of 34 % (Y-o-Y).
- The Earnings before Interest, Tax, Depreciation and Amortization stands at Rs. 130 Crore in Q1FY25, as against Rs 117 Crore in Q1FY24, with an increase of 11 %.
- Profit Before Tax (PBT) is Rs. 115 Crore for Q1FY25 as compared to Rs 102 Crore in Q1FY24, registering a growth of 13 % (Y-o-Y)
- Profit After Tax (PAT) is Rs. 87 Crore in Q1FY25 as against Rs. 77 Crore in Q1FY24, registering a growth of 13 % (Y-o-Y).
Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “The shipyard is on a growth trajectory and the Q1 FY25 financial results have been very encouraging. Considering our current order book and the project execution plan, I am confident of maintaining this upward trend in the coming years.”
