Overview
- GRSE reported a strong Q4 with EBITDA up 60.8% year on year, an EBITDA margin of 16.8%, revenue from operations up 29% to Rs 2,119.21 crore, and net profit up 24% to Rs 303.19 crore.
- The company said it re-evaluated advanced projects and booked Rs 51.95 crore more revenue and Rs 45.69 crore more costs, which boosted current-year profit as excess provisions were written back.
- The board recommended a final dividend of Rs 6.70 per share for FY26, subject to shareholder approval at the next annual meeting.
- Shares jumped as much as 15% in the session after the results, pushing the stock close to its 52-week high.
- Antique said GRSE is the lowest bidder (L1) for a Rs 33,000 crore next-generation corvette order that it expects to be finalized in Q1 FY27, raised its target price to Rs 3,141, and projected that the order book, now about Rs 17,000 crore, could swell with potential P-17B frigate work.