Garden Reach Shipbuilders & Engineers | Defence Good set of numbers despite COVID, now all eyes on FY22 Q4 numbers broadly in line with expectations GRSE reported a healthy set of numbers in Q4 with topline growing by 23.6% qoq, though on a yoy basis they fell by just 6.6%. This decline was much arrested as compared to Q3, when the revenues had fallen sharply by 24% yoy. The material costs saw a contraction in Q4 as they stood at 46.4% of topline and there was a reduction in employee costs as well, as we saw some cost savings at these line items. Subcontracting costs continued with the trend of growing as...