StocksMedium•11 November 2026•
1 min read
GRSE Q2 Profit Rises 12% to ₹172 Crore Despite Surging Material Costs
Key Facts
1Shipbuilding firm GRSE reported a 12% year-on-year increase in Q2 net profit to ₹172 crore.
2Revenue from core operations grew 9% to ₹1,827 crore despite a 60.3% surge in raw material costs.
Shipbuilding firm Garden Reach Shipbuilders & Engineers reported a 12% year-on-year increase in Q2 net profit to ₹172 crore. Upstox reported that revenue from core operations grew 9% to ₹1,827 crore, even as raw material costs surged by 60.3% during the period.
Shares of Garden Reach Shipbuilders & Engineers saw a positive reaction, rising 3.2% following the earnings release on November 11, 2026. The company managed to maintain profit growth by expanding its operational revenue, effectively offsetting the significant spike in input expenses.