GARDEN REACH SHIP&ENG LTD

Garden Reach Shipbuilders & Engineers Limited (GRSE) held its Q1 FY27 earnings conference call on August 6, 2026, where management reported a total income of ₹1,914 crore, reflecting a year-on-year growth of 38%. Revenue from operations increased by 39% to ₹1,815 crore, and profit after tax rose by 44% to ₹173 crore. Management highlighted the achievement of Navratna status, which supports their expansion plans, including both brownfield and greenfield initiatives. The current order book stands at ₹13,596 crore, primarily from shipbuilding projects. GRSE is actively pursuing new contracts, with significant opportunities in defense and non-defense sectors, totaling around ₹150,000 crore. Management also discussed ongoing projects, including the P-17 Alpha frigate and various research vessels, and emphasized their commitment to indigenization and technological advancements in shipbuilding.

Management emphasized strong financial performance and growth opportunities.