The company’s revenue from operations surged 38% YoY to ₹1,271 crore, reflecting strong performance and steady project execution, GRSE said in a statement on Monday.
Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) stood at ₹147 crore during the quarter, up from ₹130 crore in the corresponding period of the previous year. Additionally, Earnings Per Share (EPS) rose to ₹8.57, compared to ₹7.70 in the same quarter last year.
Cmde PR Hari, IN (Retd), Chairman and Managing Director of GRSE, emphasized the company’s commitment to operational efficiency and value creation for stakeholders. "Our order book remains strong, and ongoing projects are progressing as planned. We anticipate securing more orders in the coming months, further enhancing our order pipeline. The future looks promising for GRSE," he stated.
The shipbuilding company continues to focus on growth and efficiency, positioning itself for further expansion in the coming quarters.
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