TL;DR — Key Takeaways
- Q4 profit: Rs 303 crore (+24% YoY) | EBITDA: +61%
- FY26 revenue: Rs 7,002 crore (+38%) — best ever
- Antique raises target: Rs 3,141 | Rating: Buy
- NGC order worth Rs 33,000 crore expected Q1 FY27
- 8 warships delivered in FY26 — one every 45 days
Garden Reach Shipbuilders & Engineers (GRSE) posted its strongest-ever results on April 28, 2026, triggering a 16% single-session surge on NSE.
Q4 FY26 Numbers
- Net Profit: Rs 303.19 crore — up 24.14% YoY
- Revenue: Rs 2,119.2 crore — up 29.06% YoY
- EBITDA: Rs 355 crore — up 61.4% YoY
- EBITDA Margin: 16.77% — expanded 331 bps YoY from 13.46%
Full Year FY26 — Best Ever
- Revenue: Rs 7,002.16 crore — up 38% YoY
- PAT: Rs 747.93 crore — up 41.81% YoY
- Deliveries: 8 warships — one every 45 days
- EPS: Rs 65.29 vs Rs 46.04 in FY25
Analyst View — Antique Raises Target
Antique Stock Broking raised target to Rs 3,141 from Rs 3,026, maintaining Buy. The NGC contract worth ~Rs 33,000 crore is expected to be finalised in Q1 FY27. If signed, order book jumps to Rs 50,000 crore.
Dividend
Total FY26 dividend: Rs 19.60 per share (vs Rs 13.60 in FY25).
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This article is for informational and educational purposes only. It is not financial advice. All analysis and predictions are personal opinion and may be wrong or work in the opposite direction. DalalReport is not SEBI registered. Please do your own research and consult a SEBI-registered advisor before investing. We accept no liability for any financial loss arising from reliance on this content.
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