Garden Reach Shipbuilders & Engineers Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

GRSE delivered robust Q3 FY26 financial results, with revenue jumping 49% YoY to ₹1,896 Cr and PAT soaring 74% YoY to ₹171 Cr. 9M revenue nearly matched full FY25. The company is poised to finalize the ₹33,000 Cr Next Generation Corvette (NGC) order this fiscal year, targeting a ₹50,000 Cr order book. Management is aggressively pursuing the significant P-17 Bravo project (~₹70,000 Cr), projecting an FY27 order book of ₹70,000 Cr. Capacity is expanding from 24 to 32 ships, backed by brownfield and greenfield plans. Outlook remains confident, with strong execution, healthy margins, and increasing focus on indigenization and exports.