Garden Reach Shipbuilders & Engineers Limited — Investor Meet, 26-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GRSE delivered its first P-17 Alpha frigate ahead of schedule and the third Survey Vessel Large. Q1 FY26 performance was good, building on FY25's ₹5,000 Cr revenue and ₹500 Cr PAT, with similar growth anticipated. The order book stands strong at ₹21,700 Cr, 86% from defense, with a potential ₹25,000 Cr Next-Generation Corvette contract pending. Capacity is expanding from 28 to 40 ships by 2029, including new greenfield facilities. Management is confident about new tech like autonomous and green vessels. Significant orders are on the horizon, ensuring long-term revenue visibility.