Revenue from operations for the quarter stood at Rs 1,896 crore, up from Rs 1,271 crore in the year-ago period, marking a 49% YoY growth. Compared with the September quarter revenue of Rs 1,677 crore, revenue increased 13.0% quarter-on-quarter, reflecting stronger execution during the quarter.
Including other income of Rs 62 crore, GRSE’s total income for the quarter came in at Rs 1,958 crore, compared with Rs 1,343 crore a year earlier.
Total expenses for the quarter rose to Rs 1,740 crore, from Rs 1,209 crore in the December 2024 quarter, in line with the higher scale of operations. Cost of materials consumed increased to Rs 1,252 crore, while subcontracting charges stood at Rs 132 crore. Employee benefit expenses were Rs 101 crore, marginally higher than the year-ago period. Finance costs remained low at Rs 4 crore, underscoring the company’s healthy balance sheet.
Profit before tax for the quarter increased to Rs 218 crore, from Rs 134 crore in the corresponding period last year, reflecting a 62.7% rise. Tax expense for the quarter stood at Rs 47 crore, resulting in the strong growth in net profit.
For the nine months ended December 31, 2025, GRSE reported a net profit of Rs 445 crore, compared with Rs 283 crore in the same period last year, registering a 57.1% year-on-year increase. Revenue from operations for the nine-month period rose to Rs 4,883 crore, from Rs 3,434 crore a year earlier, reflecting a 42.2% growth.
Alongside the quarterly results, the board of directors approved the second interim dividend for FY26 at Rs 7.15 per equity share, amounting to a total payout of Rs 81.9 crore. The dividend has been declared out of profits for the nine months ended December 2025. The company has fixed February 3 as the record date for determining eligible shareholders.
GRSE’s performance continues to be underpinned by a strong order book and sustained execution in defence shipbuilding projects.