GRSE Q1 FY27 results at a glance
GARDEN REACH SHIP&ENG LTD Q1 FY27 key results metrics| Quarter | Q1 FY27 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | ₹1,815 cr |
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| Revenue YoY | +38.5% |
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| Operating profit | ₹136 cr |
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| Operating margin | 7.5% |
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| Net profit | ₹173 cr |
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| Net profit YoY | +43.8% |
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| Net profit QoQ | -43.0% |
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| Net margin | 9.5% |
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| Basic EPS | ₹15.09 |
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| TTM revenue | ₹7,139 cr |
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| TTM net profit | ₹767 cr |
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| TTM net margin | 10.7% |
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GRSE Q1 FY27 results: what the numbers say
GARDEN REACH SHIP&ENG LTD (GRSE) has reported its Q1 FY27 results for the quarter ended 2026-06-30. The company posted revenue of ₹1,815 cr and a net profit of ₹173 cr, translating into earnings per share of ₹15.09.
Compared with the same quarter a year earlier, revenue grew strongly by +38.5% and net profit grew strongly by +43.8%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹136 cr, an operating margin of 7.5% versus 7.7% a year ago — a contraction of 0.2 percentage points.
GRSE quarter-wise results table
Revenue
₹1,815 cr
+38.5% YoY
Net profit
₹173 cr
+43.8% YoY
Operating profit
₹136 cr
+35.4% YoY
GARDEN REACH SHIP&ENG LTD (GRSE) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q1 FY272026-06-30 | ₹1,815 cr | ₹136 cr | ₹173 cr | 7.5% | 9.5% | ₹15.09 | +43.8% | -43.0% |
| Q4 FY262026-03-31 | ₹2,119 cr | ₹342 cr | ₹303 cr | 16.2% | 14.3% | ₹26.47 | +24.1% | +77.5% |
| Q3 FY262025-12-31 | ₹1,896 cr | ₹160 cr | ₹171 cr | 8.4% | 9.0% | ₹14.91 | — | +42.1% |
| Q1 FY262025-06-30 | ₹1,310 cr | ₹100 cr | ₹120 cr | 7.7% | 9.2% | ₹10.49 | — | -50.8% |
| Q4 FY252025-03-31 | ₹1,642 cr | ₹211 cr | ₹244 cr | 12.8% | 14.9% | ₹21.32 | — | — |
| TTM (last 4 quarters) | ₹7,139 cr | ₹738 cr | ₹767 cr | 10.3% | 10.7% | ₹66.96 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
GRSE quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
GARDEN REACH SHIP&ENG LTD quarterly income statement| Particulars | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 | Q4 FY252025-03-31 |
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| Revenue / Sales | ₹1,815 cr | ₹2,119 cr | ₹1,896 cr | ₹1,310 cr | ₹1,642 cr |
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| Total expenses | ₹1,679 cr | ₹1,777 cr | ₹1,736 cr | ₹1,210 cr | ₹1,431 cr |
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| Gross profit | ₹361 cr | ₹613 cr | ₹358 cr | ₹325 cr | ₹405 cr |
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| Operating profit (EBIT) | ₹136 cr | ₹342 cr | ₹160 cr | ₹100 cr | ₹211 cr |
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| Operating margin | 7.5% | 16.2% | 8.4% | 7.7% | 12.8% |
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| Interest cost | ₹3.76 cr | ₹2.62 cr | ₹3.79 cr | ₹6.09 cr | ₹1.36 cr |
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| Profit before tax | ₹232 cr | ₹411 cr | ₹218 cr | ₹167 cr | ₹324 cr |
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| Tax expense | ₹58.69 cr | ₹108 cr | ₹46.99 cr | ₹46.54 cr | ₹79.3 cr |
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| Effective tax rate | 25.3% | 26.2% | 21.6% | 27.9% | 24.5% |
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| Net profit (PAT) | ₹173 cr | ₹303 cr | ₹171 cr | ₹120 cr | ₹244 cr |
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| Net profit margin | 9.5% | 14.3% | 9.0% | 9.2% | 14.9% |
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| Basic EPS | ₹15.09 | ₹26.47 | ₹14.91 | ₹10.49 | ₹21.32 |
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| Diluted EPS | ₹15.09 | ₹26.47 | ₹14.91 | ₹10.49 | ₹21.32 |
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GRSE results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 | Q4 FY25 |
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| Revenue YoY | +38.5% | +29.1% | — | — | — |
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| Revenue QoQ | -14.4% | +11.8% | +44.7% | -20.2% | — |
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| Operating profit YoY | +35.4% | +62.5% | — | — | — |
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| Operating profit QoQ | -60.4% | +114.5% | +59.2% | -52.4% | — |
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| Net profit YoY | +43.8% | +24.1% | — | — | — |
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| Net profit QoQ | -43.0% | +77.5% | +42.1% | -50.8% | — |
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| EPS YoY | +43.9% | +24.2% | — | — | — |
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| EPS QoQ | -43.0% | +77.5% | +42.1% | -50.8% | — |
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GRSE annual results history
Full-year performance for GARDEN REACH SHIP&ENG LTD, useful for reading each quarter in context.
GARDEN REACH SHIP&ENG LTD annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹6,995 cr | ₹5,071 cr | ₹3,588 cr | ₹2,548 cr |
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| Total expenses | ₹6,217 cr | ₹4,654 cr | ₹3,377 cr | ₹2,421 cr |
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| Gross profit | ₹1,751 cr | ₹1,051 cr | ₹811 cr | ₹617 cr |
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| Operating profit (EBIT) | ₹778 cr | ₹417 cr | ₹211 cr | ₹127 cr |
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| Operating margin | 11.1% | 8.2% | 5.9% | 5.0% |
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| Interest cost | ₹16.12 cr | ₹10.32 cr | ₹11.49 cr | ₹6.48 cr |
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| Profit before tax | ₹1,005 cr | ₹703 cr | ₹481 cr | ₹305 cr |
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| Tax expense | ₹257 cr | ₹176 cr | ₹124 cr | ₹77.09 cr |
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| Effective tax rate | 25.6% | 25.0% | 25.7% | 25.3% |
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| Net profit (PAT) | ₹748 cr | ₹527 cr | ₹357 cr | ₹228 cr |
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| Net profit margin | 10.7% | 10.4% | 10.0% | 9.0% |
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| Basic EPS | ₹65.29 | ₹46.04 | ₹31.19 | ₹19.91 |
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| Diluted EPS | ₹65.29 | ₹46.04 | ₹31.19 | ₹19.91 |
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Revenue trend and demand read-through
Topline for Q1 FY27 came in at ₹1,815 cr against ₹1,310 cr in Q1 FY26, and ₹2,119 cr in the preceding Q4 FY26 quarter.
On a sequential basis revenue declined -14.4%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹1,679 cr, or 92.5% of revenue, with operating profit grew +35.4% year on year.
Margins, tax and profitability
Net profit of ₹173 cr works out to a net margin of 9.5% compared with 9.2% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, GARDEN REACH SHIP&ENG LTD reported profit before tax of ₹232 cr, a tax charge of ₹58.69 cr (effective rate 25.3%), interest cost of ₹3.76 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹303 cr in Q4 FY26 to ₹173 cr in Q1 FY27, a change of -43.0%.
Trailing twelve months and annual context
Across the trailing four quarters GARDEN REACH SHIP&ENG LTD has generated revenue of ₹7,139 cr and net profit of ₹767 cr, a trailing net margin of 10.7%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹6,995 cr with net profit of ₹748 cr and EPS of ₹65.29, versus the prior year where revenue grew +37.9% and profit grew +41.8%.
What to watch in the next GRSE quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
GARDEN REACH SHIP&ENG LTD has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
GRSE results coverage
No results report published for GRSE yet — our desk covers each quarter within minutes of the filing.
GRSE quarterly results FAQs
What were GARDEN REACH SHIP&ENG LTD (GRSE) Q1 FY27 results?
In Q1 FY27 (quarter ended 30 Jun 2026), GARDEN REACH SHIP&ENG LTD reported revenue of ₹1,815 cr and net profit of ₹173 cr, a change of +43.8% year on year on +38.5% revenue growth. EPS stood at ₹15.09.
What is GRSE profit margin in Q1 FY27?
GARDEN REACH SHIP&ENG LTD posted a net profit margin of 9.5% and an operating margin of 7.5% in Q1 FY27. On a trailing twelve-month basis, revenue is ₹7,139 cr and net profit ₹767 cr.
Did GRSE results beat the previous quarter?
GARDEN REACH SHIP&ENG LTD net profit changed -43.0% quarter on quarter, from ₹303 cr in Q4 FY26 to ₹173 cr in Q1 FY27.
When are GARDEN REACH SHIP&ENG LTD (GRSE) quarterly results?
GARDEN REACH SHIP&ENG LTD has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see GRSE latest quarterly results?
Results coverage for GRSE will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the GRSE stock page.
What is GARDEN REACH SHIP&ENG LTD annual revenue and profit?
For FY26, GARDEN REACH SHIP&ENG LTD reported full-year revenue of ₹6,995 cr and net profit of ₹748 cr, with EPS of ₹65.29.
How many quarterly results has GRSE declared recently?
Past results dates for GRSE will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 12 Sept 2026. For information only, not investment advice.
