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Revenue from operations increased by 90.6% YoY to Rs 579.77 crore during the quarter.
Total expenses rose by 79.5% to Rs 556.38 crore in Q1 FY23 over Q1 FY22.
The company recorded a pre-tax profit of Rs 64.24 crore in Q1 FY23, which is significantly higher as compared with Rs 26.45 crore in Q1 FY22.
Garden Reach Shipbuilders & Engineers is a premier shipyard of India, under the administrative control of the Ministry of Defence, Government of India. It builds warships for the Indian Navy & Indian Coast Guard.
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