Garden Reach Shipbuilders posts 43.8% Q1 profit rise as costs weigh on margin
AI Market Summary
Garden Reach Shipbuilders reported strong Q1 revenue (+38.5% YoY) and net profit (+43.8%), but a modest EBITDA margin slip (8.2% vs 8.5%) reflects cost pressure from higher raw-material consumption. Balance sheet metrics remained solid with very low leverage and improving liquidity. The stock rose initially then cooled, suggesting the results are supportive but tempered by margin sensitivity; broader market impact is limited.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.24%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Garden Reach Shipbuilders & Engineers reported a 43.8% year-on-year jump in consolidated net profit to ₹172.8 crore for the quarter ended June, while revenue from operations rose 38.5% to ₹1,814.6 crore. EBITDA increased 33.3% to ₹149.2 crore, but the EBITDA margin edged down to 8.2%. The results lifted the stock on the day, leaving it up 7% so far this year.
