Garden Reach Shipbuilders & Engineers (GRSE) shares rallied 16 per cent in early trade on the NSE on Wednesday after the company reported a strong set of March quarter results and announced a final dividend. The sharp rise reflected robust earnings growth and improved operational performance.
At 10.32 am, the stock traded 11 per cent higher at ₹3,193.40, soaring to a high of ₹3,339 from the previous close of ₹2,875.30.
GRSE shares rally
The company posted a standalone net profit of ₹303.19 crore for the quarter ended March 2026, up 24.1 per cent y-o-y from ₹244.24 crore in the corresponding period last year.
Revenue from operations rose 29 per cent y-o-y to ₹2,119.21 crore, compared with ₹1,642.03 crore in the year-ago quarter, indicating strong execution and order momentum.
For the full financial year FY26, profit after tax increased 42 per cent to ₹747.93 crore from ₹527.40 crore in the previous year, underlining sustained growth across its shipbuilding and engineering operations.
The board of directors has recommended a final dividend of ₹6.70 per share for FY26, further supporting investor sentiment.
The strong quarterly performance, coupled with healthy annual growth and shareholder returns, drove the sharp rally in GRSE shares during the session.
Published on April 29, 2026