Garden Reach Shipbuilders & Engineers (GRSE) Q2 26/27 earnings summary

Executive summary

• H1 FY27 revenue from operations was ₹3,64,130.93 lakh and profit after tax was ₹34,481.26 lakh, compared with ₹2,98,725.22 lakh and ₹27,396.26 lakh in H1 FY26.

• Q2 FY27 revenue was ₹1,82,669.34 lakh and PAT was ₹17,197.50 lakh; EPS was ₹15.01.

Financial highlights

• H1 total income was ₹3,79,982.51 lakh vs ₹3,12,849.03 lakh; total expenses were ₹3,33,667.47 lakh vs ₹2,75,241.27 lakh YoY.

• H1 profit before tax was ₹46,315.04 lakh vs ₹37,607.76 lakh; PAT was ₹34,481.26 lakh vs ₹27,396.26 lakh.

• Q2 total income was ₹1,88,564.37 lakh vs ₹1,74,607.29 lakh in Q2 FY26; PBT was ₹23,162.43 lakh vs ₹20,936.03 lakh.

• H1 total comprehensive income was ₹34,737.52 lakh vs ₹27,268.21 lakh; H1 EPS was ₹30.10 vs ₹23.92.

Key financial ratios and metrics

• H1 net profit margin was 9.47% vs 9.17%; current ratio was 1.36x vs 1.19x YoY.

• Debt-equity ratio was 0.013x vs 0.014x; total debt to total assets was 0.004x vs 0.003x.

• Trade receivables turnover was 6.27x vs 11.50x; inventory turnover was 2.42x vs 1.61x YoY.

• Debt service coverage was 26.04x vs 27.49x; interest service coverage was 38.64x vs 39.73x.