Monday, Jun 17 2024 | Time 08:59 Hrs(IST)
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.
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