Further to our Intimation Letter No. SECY/GRSE/BD-69/AM/04(R)/25-26 dated 07 May 2026, we wish to inform that Conference Call was held on Tuesday, 12th May 2026 at 03:30 P.M. to discuss the Audited Financial Results of the Company for the Quarter and Year Ended 31st March, 2026.In this regard and pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, the Transcript of the Investors/Analyst Conference Call for Q4 & FY 26 of the Company is enclosed herewith.This is for your information and records.
GRSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garden Reach Shipbuilders reported its best-ever financial performance with FY26 revenue of INR 7,002 crore (38% YoY growth) and PAT of INR 748 crore (42% growth). Q4 showed revenue of INR 2,119 crore and PAT of INR 303 crore. The company delivered 8 warships to the Indian Navy, including 3 ships on a single day for the first time in India's history. Current order book stands at INR 15,324 crore (dropped below INR 20,000 crore for first time in 5 years, indicating improved execution). The company is L1 for the INR 33,000 crore Next Generation Corvette (NGC) project with price negotiations complete and contract expected to be signed in Q1 FY27. Management guided that FY28 and FY29 margins will be maintained at similar levels, with NGC revenue recognition expected from H2 FY28. Order pipeline on the anvil includes P-17 Bravo (INR 70,000 crore), Mine Countermeasure Vessels (INR 32,000 crore), and Landing Platform Docks (INR 35,000 crore).
Strong execution with 8 warship deliveries in FY26 demonstrates operational capability. The NGC contract expected in the current quarter and a pipeline of INR 1.5 lakh crore orders provide multi-year revenue visibility. Management's commitment to maintaining similar margins in FY28-29 is positive for investor sentiment.