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AlphaStreet Analysis

GRSE Q3 FY26 Earnings Results

Executive Summary

Garden Reach Shipbuilders & Engineers Ltd (GRSE) reported Q3FY26 revenues of ₹1,896 crore, up 49.17% YoY, with consolidated net profit soaring 74.49% to ₹171 crore. Total expenses rose 43.92% YoY to ₹1,740 crore, reflecting exceptional execution momentum in defence shipbuilding.

Revenue & Growth

Revenues surged to ₹1,896.00 crore in Q3FY26 from ₹1,271.00 crore YoY, marking robust 49.17% growth. Total expenses increased 43.92% YoY to ₹1,740.00 crore, creating significant operating leverage.

Profitability & Margins
Consolidated net profit jumped 74.49% YoY to ₹171.00 crore from ₹98.00 crore. Basic EPS rose 73.98% to ₹14.91 from ₹8.57.

Balance-Sheet Highlights
The dataset lacks detailed balance sheet items such as assets, liabilities, equity, net debt, or current ratio for Q3FY26.

Cash Flow / Liquidity
Operating cash flow, free cash flow, and liquidity metrics are not specified in the Q3FY26 dataset.

Key Ratios / Metrics
Gross, EBITDA, and PAT margins are unavailable. Net debt/EBITDA cannot be computed without debt and EBITDA figures. QoQ changes for revenue, EBITDA, and PAT are not provided.

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