GRSE shares surge over 7%: Here’s what investors need to know

In Wednesday’s trading session, a total of 2.7 lakh shares changed hands, generating a turnover of ₹69.13 crore. The company’s market capitalisation stood at ₹29,776.65 crore.

Meanwhile, the defence stocks have extended their rally for the fourth straight session on Wednesday. The Nifty India Defence sector surged 1.99% to end at 8,316.55 level. The sector has gained nearly 8% in a week.

The surge comes on the back of robust investor interest and heavy trading activity, after the Defence Ministry approved the new Defence Procurement Manual (DPM) 2025.

The updated framework seeks to speed up revenue procurement for the armed forces, boost domestic industry participation, and align procedures with modern warfare needs, CNBC-TV18 reported.

As per the ministry, the manual is intended to "streamline, simplify, enable and rationalise" the procurement process, while officials noted it would support operational readiness through quicker decisions and timely resource access.

Last week, the shipbuilding company had announced a dividend payout of ₹4.9 per share, with the record date set as September 12, 2025.

The final dividend of ₹4.90 per share provides a tangible benefit to the company’s investors. The ex-date ie., September 12, 2025, determines the eligibility for receiving the dividend. Shareholders who held the stock before this date will be entitled to the dividend payout.

Over the last five trading sessions, shares of GRSE have advanced 6.80%. On the other hand, the stock declined 2.17% in the last month. The scrip has zoomed 96.27% for a period of last six months.

GRSE’s Q1 results:

Garden Reach Shipbuilders & Engineers (GRSE) reported a 30% jump in revenue from operations to ₹1,310 crore for the quarter ended June 30 of financial year 2025-26 as against ₹1,010 crore in the same period of the previous fiscal.

Its net profit stood at ₹120 crore for the reporting quarter, marking a growth of 38% from ₹87 crore in the corresponding quarter of last fiscal year.

On the operational level, the defence ministry PSU’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 101% to ₹112 crore in Q1 of FY26 as against ₹56 crore in the year-ago period.

The margin for the quarter also expanded 8.5% in Q1 FY26 in contrast to 5.5% in Q1 FY25.