Kolkata, Aug 11 (PTI) Warship maker Garden Reach Shipbuilders & Engineers Ltd (GRSE) on Friday reported its best-ever net profit of Rs 77 crore in the June quarter.

The entity saw a 54 per cent increase in net profit as compared to Rs 50 crore it reported in the year-ago period.

Also Read | UPSC NDA 2 Admit Card 2023 Out on upsc.gov.in, Know How to Download.

The total income stood at Rs 827 crore in the first quarter of the current fiscal, 33 per cent higher than Rs 621 crore in the year-ago period.

Revenue from operations for the quarter under review grew 30 per cent to Rs 756 crore as compared to Rs 580 crore last year.

Also Read | Delhi Gas Leak Incident: 24 Students of MCD School Hospitalised After Gas Leakage in Naraina.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was Rs 117 crore as against Rs 74 crore, registering a growth of 58 per cent.

"The current fiscal year has started on a very vibrant note for GRSE with the shipyard recording the best-ever quarterly results in the history of the company," GRSE Chairman and Managing Director Cmde PR Hari said.

"The shipyard gears up for the launch of the third Frigate of P17A on August 17... GRSE shall continue to play a major role in encouraging industrial growth," Hari said.

(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)