GRSE shares soar 5%, up 18% in two sessions. What’s triggering the surge?

[hfe_template id='11223'] [ad_1]
Shares of state-owned defence shipbuilder Garden Reach Shipbuilders & Engineers rallied as much as 5% to their day’s high of Rs 2,640 on the BSE on Thursday after its net profit for the third quarter ended December 2025 rose to Rs 171 crore, compared with Rs 98 crore in the same quarter last year. This represents a 74% year-on-year increase in profit.

On a sequential basis, profit was also higher than the Rs 154 crore reported in the September quarter.


Revenue from operations for the quarter stood at Rs 1,896 crore, up from Rs 1,271 crore in the year-ago period, marking a 49% year-on-year growth. Compared with the September quarter revenue of Rs 1,677 crore, revenue increased 13.0% quarter-on-quarter.

Total expenses during the quarter increased to Rs 1,740 crore, compared with Rs 1,209 crore in the December 2024 quarter, in line with the higher scale of operations. The cost of materials consumed stood at Rs 1,252 crore, while subcontracting charges were Rs 132 crore. Employee benefit expenses came in at Rs 101 crore, marginally higher on a year-on-year basis. Finance costs remained low at Rs 4 crore, highlighting the company’s healthy balance sheet.


Also Read | 18 equity mutual funds multiply lumpsum investments by over 1.85x in 3 years. Are any of these part of your portfolio?

Profit before tax rose to Rs 218 crore from Rs 134 crore in the year-ago period, registering a 62.7% year-on-year increase. Tax expense for the quarter stood at Rs 47 crore, resulting in strong growth in net profit.

For the nine months ended December 31, 2025, GRSE reported a net profit of Rs 445 crore, compared with Rs 283 crore in the same period last year, marking a 57.1% year-on-year rise. Revenue from operations for the nine-month period increased to Rs 4,883 crore from Rs 3,434 crore, reflecting a 42.2% growth.

Alongside the results, the board of directors approved a second interim dividend of Rs 7.15 per equity share for FY26, amounting to a total payout of Rs 81.9 crore. The dividend has been declared out of profits for the nine months ended December 2025, with February 3 fixed as the record date to determine eligible shareholders.

(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times.)
[ad_2] Source link https://mrgaga.in/grse-shares-soar-5-up-18-in-two-sessions-whats-triggering-the-surge/?feed_id=54169&_unique_id=697c275e8aef7

Comments

Post a Comment

Popular posts from this blog

India VIX jumps 100% in one month. Could fear levels take Nifty further down?

Image
[hfe_template id='11223'] [ad_1] Volatility in Indian equity markets has surged sharply over the past month, with the India VIX nearly doubling as geopolitical tensions and global uncertainty triggered aggressive selling in equities. India VIX, often referred to as the market’s fear gauge, has jumped close to 100% over the past month, reflecting growing nervousness among investors. The spike has coincided with a sharp correction in the broader market, with the Nifty 50 declining about 8% during the same period. The escalation of tensions involving the United States, Israel and Iran has intensified market anxiety in recent days, pushing crude oil prices sharply higher and triggering a global risk-off sentiment. However, analysts note that volatility had already been building even before the conflict escalated, reflecting broader concerns around global growth, foreign capital outflows and stretched valuations in equities. The heightened uncertainty translated into a sharp ...
Read more

Can Sensex, Nifty snap 2-day fall on Monday? 7 factors that could decide market mood this week

Image
[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty ended the week on a bearish note, closing over a percent lower each as a deepening selloff in IT stocks rattled investor sentiment amid mounting fears of AI-led disruption. Further, stronger-than-expected jobs data for January dampened hopes of a US Fed interest rate cut. Here are 7 factors that could decide market action in the coming week: 1.) Infosys, Wipro ADRs rebound - After a brutal two-day selloff that saw Infosys and Wipro ADRs plunge as much as 14.5%, Friday’s session brought a much-needed breather. Bargain hunting kicked in at lower levels, sparking a sharp rebound as Infosys climbed 3% while Wipro gained 4%—helping both stocks close the week on a far stronger note. International brokerage firm JP Morgan has a message for panic-stricken investors: IT services firms are the indispensable "plumbers of the tech world" and their dividend yields have now hit levels last seen only during ...
Read more

Waaree Energies shares in focus after Q4 profit rises 34% to Rs 619 crore, revenue up 36%

Image
[hfe_template id='11223'] [ad_1] Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025. In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing. EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago. The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24. For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,9...
Read more