GRSE shares in focus after Q3 PAT rises 11% YoY, revenue jumps 38%
Garden Reach Shipbuilders Engineers (GRSE) shares will remain in focus on Tuesday after the company reported 11% year-on-year (YoY) growth in its net profit at Rs 98 crore for the quarter ended December 2024. The same stood at Rs 88 crore in the year-ago period.
Revenue from operations, meanwhile, jumped 38% YoY to Rs 1271 crore in the reporting period, compared with Rs 923 crore in the year-ago period.
On a sequential basis, net profit was flat from Rs 98 crore reported in the preceding September quarter. Revenues, however, improved 10% quarter-on-quarter.
EBITDA for the third quarter increased 55% YoY to Rs 75 crore, while margins expanded to 5.95%.
Total expenses during the reporting quarter increased 36% YoY to Rs 1209 crore. The expenses were Rs 886 crore in the same quarter of last year.
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