GRSE Share Price Soars on Record Q4 Earnings and Strong Order Book

GRSE Share Price Soars on Record Q4 Earnings and Strong Order Book

Focus Keyword: grse share price

Background: GRSE’s Legacy and Operations

Established in 1884, Garden Reach Shipbuilders & Engineers Ltd (GRSE) is one of India’s leading shipyards, known for constructing naval and commercial vessels. As a key defence PSU under the Ministry of Defence, GRSE has delivered over 790 platforms, including more than 100 warships, to the Indian Navy, Coast Guard, and foreign nations. The company also manufactures marine engines and deck machinery, with operations in shipbuilding, repair, and turnkey engineering projects.

Q4 FY24 Financial Highlights

• Revenue from Operations: ₹1,016 crore (up 69% YoY)
• EBITDA: ₹166 crore (up 84% YoY)
• Profit Before Tax (PBT): ₹153 crore (up 101% YoY)
• Profit After Tax (PAT): ₹112 crore (up 104% YoY)

For the full FY24 fiscal year:

• Total Income: ₹3,892 crore (up 41%)
• Revenue from Operations: ₹3,593 crore (up 40%)
• EBITDA: ₹534 crore (up 52%)
• PAT: ₹357 crore (up 57%)

Share Price Performance

Following the strong Q4 FY24 results, the GRSE share price surged nearly 20%, hitting a new 52-week high. The stock has gained approximately 220% over the past year, outperforming many other defence sector stocks. Investors have responded positively to the company’s solid financials and growth potential.

Strategic Developments and Future Outlook

• GRSE secured new international orders for multi-purpose vessels (MPVs) from Germany.
• Signed MoU with Nagaland PWD for modular steel bridge supply.
• Focus on autonomous and green energy-powered platforms to support sustainable development.

With a strong order book and expanding global presence, GRSE is well-positioned for long-term growth, supported by increasing defence budgets and export opportunities.

Feature Image Concept

Title: GRSE Shipyard with Rising Stock Graph Overlay

Description: A high-resolution image of the GRSE shipyard in Kolkata with naval vessels under construction. Overlay a transparent ascending stock chart to represent the rise in GRSE share price.

Meta Details

• Focus Keyword: grse share price
• Meta Title: GRSE Share Price Soars on Record Q4 Earnings and Strong Order Book
• Meta Description: GRSE share price hits new highs after Q4 FY24 results show 104% YoY PAT growth. Learn about the defense PSU’s financial performance and future prospects.
• URL Slug: grse-share-price-q4-2024-results