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For the quarter and nine months ended 31 December 2024, Garden Reach Shipbuilders & Engineers Ltd. reported a consolidated revenue of ₹1,27,100.76 crore for the quarter, marking a solid growth compared to ₹92,309.78 crore for the same period last year, reflecting a revenue growth of approximately 37.7%. This increase can be attributed to stronger demand in the defence sector coupled with successful operational efficiencies.
Net profit for the quarter stood at ₹9,818.55 crore, up from ₹8,825.32 crore year-over-year, translating to an Earnings Per Share (EPS) of ₹8.57, slightly up from ₹7.70. Factors contributing to this profit growth include optimized procurement strategies and effective cost management, despite escalating material costs.
Total expenses amounted to ₹1,20,936.37 crore, up from ₹88,594.05 crore in the previous year, with notable increases in the cost of materials consumed and sub-contracting charges. This resulted in a rise of approximately 36.4% in operational costs, necessitating ongoing scrutiny of cost control measures by management.
The balance sheet remains robust with a notable debt-equity ratio of 0.004, and a current ratio of 1.16, indicating good liquidity. The cash flow reflects stable operational cash generation, supporting future strategic initiatives.
Market outlook remains positive as the company focuses on expanding its market share and improving its operational efficiency. Given the financial performance and cost management strategies, a hold position may be prudent, watching for further developments in demand and cost trends.
All announcements from Garden Reach Shipbuilders & Engineers Limited