Promises
1 promise
Promise Tracker
0 delivered, 0 close, 1 missed.
View Promises →Garden Reach Shipbuilders & Engineers Limited — Q3 FY26
GRSE reported a strong Q3 FY26 with revenue from operations at ₹4,886 crore (up 49% YoY) and PAT at ₹171 crore (up 74% YoY), driven by delivery of five major vessels in 9M FY26.
bullish
high
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
GRSE reported a strong Q3 FY26 with revenue from operations at ₹4,886 crore (up 49% YoY) and PAT at ₹171 crore (up 74% YoY), driven by delivery of five major vessels in 9M FY26. The order book stands at ₹18,482 crore, with the imminent signing of a ₹33,000 crore Next Generation Corvette contract expected by March 2026, which will lift the order book to ~₹50,000 crore. Management guided for FY27 to be a peak revenue year, with a 25-30% CAGR trajectory. Capacity expansion to 32 concurrent platforms by end-2026 and greenfield facilities in Gujarat (3-5 years) aim to capture a share of the ₹2.5 lakh crore+ opportunity pipeline. Key risk: execution delays in new greenfield projects or competitive bidding outcomes for P7 Bravo and non-defense orders could temper growth.
ग्रैंड स्माइल रिसोर्सेज (GRSE) ने वित्त वर्ष 2026 की तीसरी तिमाही में शानदार प्रदर्शन किया। कंपनी की कमाई 4,886 करोड़ रुपये रही, जो पिछले साल की तुलना में 49% ज्यादा है। मुनाफा 171 करोड़ रुपये रहा, जो 74% बढ़ा। इसकी वजह है कि 9 महीनों में 5 बड़े जहाज डिलीवर किए गए। कंपनी के पास 18,482 करोड़ रुपये के ऑर्डर हैं। मार्च 2026 तक 33,000 करोड़ रुपये का नया कॉन्ट्रैक्ट मिलने की उम्मीद है, जिससे ऑर्डर बुक 50,000 करोड़ रुपये तक पहुंच जाएगा। कंपनी का कहना है कि वित्त वर्ष 2027 में सबसे ज्यादा कमाई होगी और हर साल 25-30% की दर से बढ़ोतरी होगी। क्षमता बढ़ाने के लिए 2026 तक 32 जहाज एक साथ बनाने की योजना है। गुजरात में नई फैक्ट्री 3-5 साल में तैयार होगी। जोखिम: नई फैक्ट्री में देरी या प्रतिस्पर्धी बोली में हार से वृद्धि धीमी हो सकती है।
Promises0 met · 1 missedRisks4 trackedTranscriptfull text
Research workspace
Focused Modules
Risks
4 risks
Risk Intelligence
Execution delays in greenfield Gujarat facilities
View Risks →
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Order Book
₹18,482 Cr
-7.6% QoQ
Order book dipped below ₹20,000 Cr for first time due to strong execution; expected to rise to ~₹50,000 Cr with NGC contract.
Concurrent Platforms Capacity
28
+4 YoY
Increased from 24 to 28 platforms; targeting 32 by end-2026 and 35+ with brownfield expansion.
Ships Delivered (9M FY26)
5
+2 YoY
Delivered five major vessels including frigate, ASW corvettes, and survey vessel; three more expected in Q4.
Indigenous Content
85%+
flat
Indigenous content in completed projects remains above 85%; balance 15% is propulsion and weapon systems.
Fast read
Guidance and risk preview
Next Generation Corvette contract (₹33,000 Cr, 5 ships) expected to be signed before end of FY26, with revenue recognition starting Q4 FY28.
New facilities in Kandla and Bhavnagar may take 3-5 years to become fully operational, potentially delaying capture of large non-defense orders.
View Risks →