GRSE Announces Q4 Results; Registers 19% Increase in PAT Y-o-Y

Defence Industry

Kolkata. Garden Reach Shipbuilders & Engineers Limited (GRSE), one of India’s leading warship builder for Indian Navy and Indian Coast Guard has announced its financial results for the Quarter & Year ended March 31, 2019.

Total revenue from operations of the company for the year ended March 31, 2019 stood at Rs 1386.43 crore to Rs 1349.66 crore during the same period last year.

The company reported Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs 211.16 cr registering an increase of 29 per cent in FY 2018-19 as against Rs 164.39 crores in FY 2017-18.

The company reported a healthy increase of 19 per cent in its PAT to Rs 109.93 crores for FY 2018-19 as compared to Rs 92.40 crore in the FY 2017-18. The company’s FY 2018-19 PAT margin stood at a robust 7.93 per cent as against 6.85 per cent in FY 2017-18.

The Board of Directors of the company has recommended a dividend of Rs 5.10 per equity share of Rs 10 each. This dividend is in addition to the interim dividend of Rs 1.85 per equity share paid for the financial year.

The company has recently signed a contract for eight ASW-Shallow Water Craft for the Indian Navy with order value of Rs 6311 crore. This new order has taken the book order position of the company to a level of more than Rs 27,500 crore as of date.

Leave a Reply