GRSE share price surges up to 5% in early trade; here is why

Deadweight Tonnage (DWT) is a maritime term that refers to the maximum weight a ship can carry when fully loaded, including its cargo, fuel, water, provisions, and crew.

Each MPV will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. It can carry 7,500 metric tonnes of cargo. Each vessel will have a single cargo hold to accommodate bulk, general and project cargoes, and containers will be carried on hatch covers. These ships have been specifically designed to carry multiple large windmill blades on deck, the defence PSU added in its press release.

About GRSE

The journey of the PSU under the administrative control of the Ministry of Defence and a Schedule ‘A’ Mini Ratna Category I company dates back to 1884 when it started its journey as a small workshop to repair vessels of the River Steam Navigation Company. The company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for the Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961, as per the press release.

GRSE Q3 FY25 Results

Garden Reach Shipbuilders & Engineers Ltd (GRSE) reported an 11% year-on-year rise in net profit to ₹98 crore for the quarter ended December 2024.

Revenue from operations for the quarter also grew 38% year-on-year to ₹1,271 crore, the company said in a statement.

Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹147 crore in the quarter under review compared to ₹130 crore in the corresponding period a year ago, it said.

Earnings per share (EPS) for the December quarter was ₹8.57 compared to ₹7.70 in the year-earlier period.

"This reflects the company's continued focus on operational efficiency and delivering value to our stakeholders. Our order book remains robust, and ongoing projects are progressing smoothly. We anticipate securing more orders in the coming months, further strengthening our order book position. The future looks bright for GRSE, said Chairman and Managing Director of GRSE Cmde PR Hari, IN (Retd).

GRSE share price trend

Shares of Garden Reach Shipbuilders & Engineers have rallied 122% in the past 12 months.