GRSE achieves record turnover, 32% YoY growth in FY25

Garden Reach Shipbuilders & Engineers (GRSE: BSE), a leading defense public sector undertaking, announced a record annual turnover of INR 4,750 crore for fiscal year 2024-2025, representing a 32% year-over-year growth. The company also declared an interim dividend of 89.5% of paid-up share capital, an increase from 79% in the previous year. The fiscal year saw GRSE attain Schedule 'A' status. GRSE commissioned its second Survey Vessel (Large), INS Nirdeshak and delivered the Next Generation Electric Ferry 'Dheu' and an Unmanned Surface Vessel (USV) ‘Jaldoot'. GRSE secured key projects including a INR 490 crore contract for an Acoustic Research Ship, a INR 840 crore contract for an Ocean Research Vessel, a contract for hybrid ferries and an international order for eight multi-purpose cargo vessels. GRSE signed several strategic MoUs and launched the second edition of its GRSE Accelerated Innovation Nurturing Scheme (GAINS) program. The company was honored with 24 awards.