Monday, Jun 17 2024 | Time 08:59 Hrs(IST)
image
Business Economy


GRSE clocks Rs 1,016 Cr revenue from operation in Q4 FY24

Kolkata, May 22 (UNI) Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country, has clocked revenue from operation of Rs 1,016 Crore in Q4 FY24 as against Rs 601 Crore of previous year registering a growth of 69 percent.
According to a media statement here on Wednesday, GRSE, announced its financial results for the last quarter and full year ended March 31, 2024.
The Company’s EBITDA stood at Rs 166 Crore in Q4 FY24 against Rs 90 Crore of previous year registering a growth of 84 per cent.
Profit Before Tax (PBT) stood at Rs 153 Crore in Q4 FY24 against Rs 76 Crore of previous year registering a growth of 101 per cent.
Profit After Tax (PAT) stood at Rs 112 Crore in Q4 FY24 against Rs 55 Crore of previous year registering a growth of 104 per cent.


Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited, said, “Happy to report a strong set of numbers, with both our Revenue from Operations and Profit after Tax reaching new heights.
Backed by a strong order book and with our ongoing projects at a maximum revenue recognition phase, and also with more orders on the anvil, we are confident of sustained growth in the coming years too. Our focus continues to be on timely execution of ongoing projects and new technology adoption with specific impetus on development of autonomous and green energy platforms," he said.
UNI SJC CS2040
More News

Muthoot Exim launches 2nd Gold point centre in Telangana

15 Jun 2024 | 9:56 PM

Hyderabad, June 15 (UNI) Muthoot Exim (P) Ltd., the precious metal arm of business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), on Saturday announced it has launched its Gold Point Centre in Hyderabad, making it the second such facility in the state of Telangana.

see more..

SiCSem to establish SiC process fabrication & ATMP plant in Odisha

15 Jun 2024 | 6:38 PM

Bhubaneswar, June 15 (UNI) SiCSem Private Limited is contemplating to establish a SiC process fabrication and ATMP plant in Odisha.

see more..

Kottayam-Kochi Rubber Market rates steady

15 Jun 2024 | 5:55 PM

Kottayam, Jun 14 (UNI) Following were the Rubber Market rates per quintal announced by the Rubber Board here on Saturday.

see more..

PedalStart brings together leading angels; to help startups to invest

15 Jun 2024 | 2:09 PM

New Delhi, June 15 (UNI) Startup founders’ community cum accelerator PedalStart recently hosted its flagship initiative – ‘Builders’ Mixer’, which successfully brought together builders and enablers of the nation’s startup ecosystem under one roof, a move that would offer investment opportunities to select startups.

see more..
Repeal of Art 370 spurs Rs 81k Cr investment proposals in J&K: Hina Bhat

Repeal of Art 370 spurs Rs 81k Cr investment proposals in J&K: Hina Bhat

14 Jun 2024 | 11:04 PM

Jammu, June 14 (UNI) With the Introduction of New Industrial Development Scheme and post abrogation of Article 370, the Union Territory of Jammu and Kashmir has received Investment proposal worth Rs 81 thousand Crore, stated Chairperson J&K Khadi and Village industry Board Dr. Hina Shafi Bhat.

see more..
image