GRSE Registers 25% Growth in Revenue up to 3rd Quarter of FY 2018-19

Defence Industry, Indian Navy

Kolkata. In the nine months’ period up to December 2018, Mini Ratna Defence Public Sector Unit Garden Reach Shipbuilders & Engineers Limited (GRSE) achieved a Revenue from operations of Rs 897.21 crore registering a growth of about 25 per cent up to third quarter of financial year 2018-19 over the revenue from operations of Rs 719.15 crore recorded in the corresponding period of the previous financial year.

Profit After Tax (PAT) up to three quarter of FY 2018-19 stood at Rs 65.50 crore against Rs 23.34 crore recorded in the corresponding period of the previous year.

The Company has achieved a revenue from operations of Rs 488.59 crore during the third quarter of FY 2018-19, registering a growth of about 121 per cent, over the revenue from operations of Rs 221.44 crore recorded in the corresponding period of the previous quarter of FY 2018-19.

Profit After Tax during the third quarter of FY 2018-19 stood at Rs 44.91 crore against Rs 15.56 crore recorded in the previous quarter of FY 2018-19.

On October 30 last year, the company received an order of Rs 2,435.15 crore for construction of four Survey Vessels (Large). With this the total order book position of the DPSU as on December 31. 2018 stands at Rs 22,121 crore.

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