GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9%

Garden Reach Shipbuilders & Engineers (GRSE) reported a net profit of Rs 171.97 crore for the July-September quarter of the ongoing financial year 2027, marking a 12% year-on-year increase from Rs 153.79 crore reported in the corresponding quarter of the previous financial year.

The defence major’s revenue from operations rose nearly 9% YoY to Rs 1,827 crore during the quarter under review, up from Rs 1,677 crore reported in the same period last year. The shares of the company jumped 3% to Rs 2,260 apiece on Wednesday after the release of the results.

GRSE’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.

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GRSE share price

GRSE shares have gained 5% over the past week and 10% over the past month. However, the stock is down 8% so far in 2026 and has declined 19% over the past year. Despite the recent weakness, it has delivered multibagger returns of over 190% in three years and 328% in five years.

The company has a market capitalisation of more than Rs 25,700 crore.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article 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 Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.