GRSE Stock Sees 15% Surge Amid Strong Q4 Earnings in 2026
Garden Reach Shipbuilders & Engineers Sees 15% Jump in Share Price Following Q4 Financial Results
Garden Reach Shipbuilders & Engineers (GRSE) witnessed a significant surge in its share price by 15% on Wednesday, 29 April, following the release of its strong financial results for the quarter ending on March 31, 2026. The defence stock opened at ₹3,100 apiece on the day, compared to its previous close of ₹2,875.30 on Tuesday. The stock touched an intraday high of ₹3,339 per share on 29 April.
GRSE Posts Impressive Financial Results
The Kolkata-based defence PSU company reported a 24% year-on-year (YoY) increase in net profit for Q4FY26 at ₹303.19 crore, compared to ₹244.2 crore in the same period last year. The company's revenue rose 29% to ₹2,119 crore from ₹1,642 crore a year ago. EBITDA surged 61% to ₹355 crore in the March quarter, up from ₹221 crore in the corresponding period last year, while the EBITDA margin improved to 16.8% from 13.4%.
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Dividend and Future Plans
The board has recommended a final dividend of ₹6.70 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting (AGM). The company said the dividend will be paid within 30 days of its declaration at the 110th AGM. PR Hari (retd), Chairman and Managing Director, Garden Reach Shipbuilders & Engineers, stated that FY26 marks a landmark year for the company, with robust physical performance translating into strong financial results. The company aims to maintain its tempo in the years ahead through capability enhancement, new technology adoption, and calibrated business diversification.
GRSE Share Price Trend
Despite weak market sentiments, the PSU defence stock has delivered exceptional gains. The defence stock has delivered whopping returns of 18% in a week and 60% in a month. Furthermore, GRSE share price has given over 36% gains in terms of year-to-date (YTD) and 69% in a year. The defence stock has more than quadrupled investors' money by giving multibagger returns of 616% in three years and 1,742% in five years.
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| Q4FY26 | Q4FY25 | Growth | |
|---|---|---|---|
| Net Profit (₹ crore) | 303.19 | 244.2 | 24% |
| Revenue (₹ crore) | 2,119 | 1,642 | 29% |
| EBITDA (₹ crore) | 355 | 221 | 61% |
| EBITDA Margin | 16.8% | 13.4% |
Note: EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortization.
Investor Takeaway
Investors should consider GRSE stock for potential growth due to strong Q4 earnings.
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