GRSE registers massive growth in FY25

IANS May 14, 2025 259 views

GRSE has posted its best-ever financial performance with 48% profit growth in FY25. The defence shipbuilder reported ₹5,411 crore total income, boosted by naval and commercial projects. The company currently handles 16 defence orders including next-gen frigates and patrol vessels. With a strong order pipeline, GRSE anticipates even better performance in the current fiscal year.

"Happy to report yet another set of strong numbers... I am confident of even better performance this year" - Cmde P R Hari, GRSE CMD
Kolkata, May 13: Garden Reach Shipbuilders and Engineers (GRSE) Ltd has registered massive growth in FY25, making it one of the best financial years in the Defence PSU's history.

Key Points

1

GRSE revenue surges 41% YoY to ₹5,076 crore

2

PAT jumps 48% with ₹527 crore profit

3

16 active naval orders including Project 17A frigates

4

Expanding commercial segment with German and WB govt contracts

Apart from being a DPSU, GRSE is also a listed company. The impact of this result on the company's share prices will be known on Wednesday. According to GRSE, the total income for FY25 stood at Rs 5,411 crore against Rs 3,892 crore in FY24. This was a Year-on-Year (Y-o-Y) growth of 39 per cent. Revenue from operations has increased to Rs 5,076 crore in FY25 from Rs 3,593 crore in FY24, registering a Y-o-Y growth of 41 per cent.

"The Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) stands at Rs 756 crore in FY25, as against Rs 534 crore in FY24. This is an increase of 42 per cent. Profit Before Tax (PBT) is Rs 703 crore for FY25 as compared to Rs 481 crore in FY24, a growth of 46 per cent (Y-o-Y)," a GRSE official said. Profit After Tax (PAT) was Rs 527 Crore in FY25 as against Rs 357 crore in FY24. This was a growth of 48 per cent (Y-o-Y). Earnings per share (EPS) for FY25 stood at Rs 46.04, against Rs 31.19 in FY24. The company has declared a total dividend @ 138.5 per cent of the paid-up share capital against 93.6 per cent of the previous year.

There has been significant growth in Q4 of FY25 as compared to the corresponding period in FY24. Commenting on the results, Cmde P R Hari, IN (Retd), chairman and managing Director, GRSE, said: “Happy to report yet another set of strong numbers. With our strong order book, production maturity of the ongoing projects and order visibility, including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year."

GRSE is presently handling 16 orders across four classes for the Indian Navy. These include three Advanced Guided Missile Frigates under the Navy's Project 17A and four Next-Generation Offshore Patrol Vessels (NGOPVs). The shipyard is also building seven Anti-Submarine Warfare Shallow Water Crafts for the Navy. Of the eight ordered, one was delivered recently.

GRSE is also working on four research vessels, including one for the Defence Research and Development Organisation (DRDO). The shipyard is building eight commercial multi-purpose vessels for a German client and 13 hybrid ferries for the West Bengal government.

Reader Comments

Here are 6 diverse Indian perspective comments for the GRSE article:
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Rajesh K.
This is fantastic news! GRSE's growth shows how our defense sector is becoming self-reliant. The 48% PAT growth is outstanding. As a shareholder, I'm thrilled with the 138.5% dividend declaration. More power to Make in India! 🇮🇳
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Priya M.
Impressive numbers, but I hope GRSE maintains quality while scaling up. Defense equipment can't compromise on standards. Also good to see commercial orders from Germany - shows global confidence in Indian shipbuilding.
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Amit S.
The Project 17A frigates are crucial for naval security, especially with China's growing presence in Indian Ocean. GRSE's performance gives confidence that our Navy will get quality ships on time. Jai Hind!
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Sunita R.
As a Kolkata resident, proud to see GRSE doing so well! They're creating jobs and boosting local economy. The hybrid ferries for WB govt will also help reduce pollution. Win-win for defense and environment 👍
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Vikram J.
While the financials look great, I hope GRSE invests more in R&D. We need cutting-edge tech to compete globally. The German order is a good start, but long way to go before we match South Korea or Japan in shipbuilding.
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Neha P.
The 16 orders for Navy show how crucial GRSE is for national security. But media should also highlight the engineers and workers behind this success - they're the real heroes making India's defense stronger 💪

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GRSE Defence PSU Indian Navy Shipbuilding FY25 results Profit growth