India News | Defence PSU GRSE Posts 48 Pc Growth in Net Profit in FY'25

Kolkata, May 13 (PTI) Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth of 48 per cent over Rs 357 crore of net profit in the previous fiscal, an official said on Tuesday.

The company posted a 39 per cent growth in total income in FY'25, as compared to the previous financial year.

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The total income of the Kolkata-based warshipbuilder for 2024-25 stood at Rs 5,411 crore as against Rs 3,892 crore in 2023-24, the GRSE official said in a statement.

The earnings per share (EPS) for 2024-25 stood at Rs 46.04, against Rs 31.19 in 2023-24, he said.

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GRSE declared a total dividend at the rate of 138.5 per cent of paid-up share capital against 93.6 per cent in the previous year, he said.

Commenting on the results, GRSE chairman and managing director Commodore P R Hari (Retd) said, "With our strong order book, production maturity of the ongoing projects and order visibility including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year."

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)