Garden Reach shares jump over 5% as Q3 PAT surges 74% YoY to ₹171 crore, EBITDA jumps 59%; check order book update, dividend details

The PSU also declared an interim dividend for the fiscal year 2026.

The stock surged as much as 5.12% to hit a high of ₹2,647.90 on the NSE.

GRSE Q3 numbers

The defence company said its total income for the quarter under review stood at ₹1,958 crore against ₹1,343 crore logged in Q3 FY25, with a growth of 46% YoY.

Its revenue from operations increased to ₹1,896 crore in Q3 FY26 from ₹1,271 crore logged in Q3 FY25, registering a growth of 49% YoY.

The earnings before interest, tax, depreciation and amortisation (EBITDA), or operating profit, stand at ₹234 crore in Q3 FY26, as against ₹147 crore logged in Q3 FY25, with an increase of 59%.

The PSU said that its profit before tax (PBT) came in at ₹218 crore for Q3 FY26 as compared to ₹134 crore in Q3 FY25, registering a growth of 63% YoY.

Its profit after tax (PAT) stood at ₹171 crore in Q3 FY26 as against ₹98 crore registered in Q3 FY25, marking a growth of 74% YoY.

The company's earnings per share (EPS) for Q3 FY26 were ₹14.91 in the quarter, against ₹8.57 in Q3 FY25.

What management said

Commenting on the results, Cmde PR Hari, IN (Retd), Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited, said, "With a strong set of numbers recorded during Q3 FY26, we are well on track to register our best‐ever financial performance during the current financial year and declared for the first time the 2nd Interim Dividend for the Financial Year 2025‐26 at 7.15% per equity share," the MD added.

"We have delivered five warships so far during the year and are currently executing 10 major shipbuilding projects comprising 42 platforms. Our other verticals, like Ship Repairs, Portable Steel Bridges and Naval Weapon Systems, are also doing well. With the Next Generation Corvette contract on the anvil, we are confident of ending the current financial year with an order book of around ₹50,000 crore," the MD said.

Interim Dividend for FY25-26

The defence major said that its board has declared a second interim dividend for the Financial Year 2025-26 at ₹7.15 per equity share of face value of ₹10 each, amounting to ₹81.90 crore, out of profits of the company for the nine months ended December 31, 2025.

Further, the Board of Directors has fixed Tuesday, February 3, 2026, as the Record Date for determining the shareholders entitled to receive the 2nd Interim Dividend for FY 2025-26.