Hot Pursuit     12-Aug-22
Garden Reach Shipbuilders rises after strong Q1 performance
Garden Reach Shipbuilders & Engineers advanced 2.12% to Rs 278.85 after the company reported 90.5% rise in net profit to Rs 50.18 crore in Q1 FY23 from Rs 26.34 crore in Q1 FY22.

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.

Previous News
  Sensex up 170 pts; European mrkt advance
 ( Market Commentary - Mid-Session 24-Jun-24   13:37 )
  Garden Reach Shipbuilders & Engineers standalone net profit rises 17.16% in the March 2023 quarter
 ( Results - Announcements 24-May-23   16:58 )
  Garden Reach Shipbuilders & Engineers successfully bids for a DRDO project
 ( Corporate News - 07-Jun-24   09:24 )
  Garden Reach Shipbuilders & Engineers fixes record date for interim dividend
 ( Market Beat - Reports 01-Feb-23   10:19 )
  Garden Reach Shipbuilders & Engineers standalone net profit declines 0.10% in the September 2022 quarter
 ( Results - Announcements 11-Nov-22   08:34 )
  Garden Reach Shipbuilders signs MoU to develop Electric Tugs E- VOLT 50
 ( Corporate News - 23-Nov-23   09:39 )
  Garden Reach Shipbuilders & Engineers
 ( Results - Analysis 09-Jun-20   17:58 )
  Garden Reach Shipbuilders & Engineers announces appointment of director
 ( Corporate News - 06-Apr-22   18:43 )
  GRSE jumps after strong Q1 result
 ( Hot Pursuit - 14-Aug-23   10:50 )
  Garden Reach Shipbuilders & Engineers bags Rs 248 cr worth order from Indian Navy
 ( Corporate News - 24-May-23   18:20 )
  Garden Reach Shipbuilders & Engineers standalone net profit declines 51.32% in the March 2019 quarter
 ( Results - Announcements 01-Jun-19   14:40 )
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