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NSE Aug 29, 2025 15:31 PM
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ICICI Securities Limited
Garden Reach Shipbuilders & Engineers’ (GRSE) Q4FY23 EBITDA performance was below street estimates by ~50.5%. Key highlights: 1) revenues rose 10.7% YoY largely on the back of delivery of two ships (cargo-cum-ferry vessel for the government of Guyana and fast patrol vessel {FPV} for Indian Coast Guard), and P-17A advanced frigates entering their peak billing phase.
Garden Reach Shipbuilders & Engineers Ltd. has gained 79.53% in the last 6 Months
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