Garden Reach Shipbuilders & Engineers Ltd share Price Today

Shipping company Garden Reach Shipbuilders & Engineers announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Revenue from operation is Rs 1,016 crore in Q4FY24 as against Rs 601 crore of previous year registering a growth of 69%.
• The Company’s EBITDA stood at Rs 166 crore in Q4FY24 against Rs 90 crore of previous year registering a growth of 84%.
• Profit Before Tax (PBT) stood at Rs 153 crore in Q4FY24 against Rs 76 crore of previous year registering a growth of 101%.
• Profit After Tax (PAT) stood at Rs 112 crore in Q4FY24 against Rs 55 crore of previous year registering a growth of 104%.

FY24 Financial Highlights:

• Total Income for the FY24 stood at Rs 3,892 crore against Rs 2,763 crore in FY 23 with growth of 41% over FY23.
• Revenue from Operation has increased to Rs 3,593 crore in FY24 from Rs 2,561 crore in FY23, registering a growth of 40%.
• The Earnings before Interest, Tax, Depreciation and Amortization stands at Rs 534 crore in FY24, as against Rs 351 crore in FY23, with an increase of 52%.
• Profit Before Tax (PBT) is Rs 481 crore for FY24 as compared to Rs 305 crore in FY23, registering a growth of 58%.
• Profit After Tax (PAT) is Rs 357 crore in FY24 as against Rs 228 crore in FY23, registering a growth of 57%.
• Earnings per share (EPS) for FY24 is Rs 31.19, against Rs 19.91 in FY23.
• Company has declared a total dividend of @ 93.6% of Paid-up Share Capital against 62%

Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “Happy to report a strong set of numbers, with both our Revenue from Operations and Profit after Tax reaching new heights. Backed by a strong order book and with our ongoing projects at a maximum revenue recognition phase, and also with more orders on the anvil, we are confident of sustained growth in the coming years too. Our focus continues to be on timely execution of ongoing projects and new technology adoption with specific impetus on development of autonomous and green energy platforms."

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