Kolkata, November 11, 2026: Garden Reach Shipbuilders and Engineers Limited (GRSE), a Navratna public sector undertaking under the Ministry of Defence, has reported an increase in revenue and net profit for the second quarter of the financial year 2026-27.
The defence shipbuilder recorded revenue of ₹1,827 crore in Q2 FY27, registering a year-on-year growth of 9% compared with ₹1,677 crore in the corresponding quarter of the previous financial year.
The company’s Profit After Tax (PAT) increased by 12% to approximately ₹172 crore, against ₹154 crore in Q2 FY26.
GRSE Financial Performance
The company’s latest financial results show growth across several key parameters.
Financial Metric Q2 FY27 Q2 FY26 Growth
Revenue ₹1,827 Cr ₹1,677 Cr 9%
EBITDA ₹254 Cr ₹225 Cr 13%
Profit Before Tax ₹232 Cr ₹209 Cr 11%
Net Profit (PAT) ₹172 Cr ₹154 Cr 12%
EPS ₹15.01 ₹13.43 12%
For the first half of FY27, GRSE reported revenue of ₹3,641 crore, representing a 22% increase over the corresponding period last year.
Half-yearly net profit increased by 26% to ₹345 crore from ₹274 crore.
Major Shipbuilding Milestones
During the quarter, GRSE achieved several important project milestones.
These included the launch of the second Next Generation Offshore Patrol Vessel, named ‘Shruti’, for the Indian Navy and the launch of the Ocean Research Vessel ‘Sagar Manthan’ for the National Centre for Polar and Ocean Research (NCPOR).
The company also undertook foundation-laying activities for three major brownfield infrastructure projects in West Bengal.
Defence Manufacturing and Future Growth
GRSE’s financial performance comes amid continued activity in India’s indigenous defence shipbuilding sector.
The company is involved in the construction of naval vessels and other specialised ships for domestic requirements.
The latest results highlight growth in revenue, profitability and operational activity during the first half of FY27.