Garden Reach Shipbuilder & Engineers Limited
(A GOVT OF INDIA UNDERTAKING, MINISTRY OF DEFENCE)
Garden Reach Shipbuilders & Engineers Limited announces Q3 of FY21 Results
Chennai, 11th February 2021: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading wa rship builders in the country have announced its financial results for the Nine Months and Quarter Ended December 31st, 2020.
Highlights upto Q3FY 21 Standalone Financials
- Total Revenue Rs. 879 Crs.
- Profit Before Tax Rs. 129 Crs.
- Profit After Tax 95 Crs
- EPS is Rs 8 Per Share
Q3 FY21 Compared with Q2 FY21:
- The Total Income stood at Rs. 399 in Q3 FY21 as against Rs. 320 crore in Q2 FY21 resulting an increase of 25% over previous quarter.
- Revenues from operations for the quarter ended December 31st, 2020 stood at Rs. 360 crore as compared to Rs. 272 crore in Q2 FY21 registering 32% increase over Q2 FY21
- The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stands Rs. 81 crore in Q3 FY21, as against Rs 60 crore in Q2 FY21. The Company’s EBITDA margin stood at 20%
- Profit Before Tax (PBT) stood at Rs. 73 crore for Q3 FY21 as compared to Rs 54 crore in Q2 FY21. The Company’s PBT margin stood at 18%
- Profit After Tax (PAT) reported stood Rs. 58 crore for Q3 FY21 as against Rs. 38 crore in Q2 FY20.The Company’s PAT margin stood at 14%
Q3FY21 Compared with Q3FY20:
- Revenues from operations for Q3 FY 21 stood at Rs. 360 crore as compared to Rs. 370 crore in Q3 FY20
- The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stands Rs. 81 crore in Q3 FY21, as against Rs 50 crore in Q3 FY20 registering a growth of 62% over Q3FY20
- Profit Before Tax (PBT) stood at Rs. 73 crore for Q3 FY21 as compared to Rs.41 crore in Q3 FY20 registering growth of 78% over corresponding quarter of FY 20
- Profit After Tax (PAT) reported stood Rs. 58 crore for Q3 FY21 as against Rs. 38 crore in Q2 FY20 with an increase of 95% over corresponding quarter of FY 20
About Garden Reach Shipbuilders & Engineers Ltd. (www.grse.in)
Garden Reach Shipbuilders & Engineers Ltd, under the adminis trative control of the MoD, GoI, primarily cater ing to the shipbu ilding requirements of the Indian Navy and the Indian Coast Gu ard. GRSE derives a significant majority of its revenue from its shipbuilding division, In addition to their warship building capa bilities the comp any is also engaged in engineering and engine production activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.
The Company has established capabilities for in-house design and shipbuilding and has made considerable con tributions to the indigenous warship construction program of India. Over the years, Company has responded to the varied shipbuilding requirements of the Indian Defence Services and have evolved from building simpler vessels to building bigger and technically advanced warships.
DISCLAIMER:
Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking sta tements are subject to certain risks and uncertainties like significant changes in economic environment in India and ove rseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Garden Reach Shipbuilders and Engineers Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
