GRSE earns Rs 1,654 cr revenue from operations in 1st half of 2023-24

Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) on Friday said it earned a revenue of Rs 1,654 crore from operations in the first half of 2023-24 financial year, an increase of 31 per cent over the corresponding period in the last fiscal. The Kolkata-headquartered warship builder earned a profit before tax (PBT) of Rs 209 crore, while the profit after tax (PAT) was Rs 157 crore, a 45 per cent rise over the first half of 2023-24, GRSE said in a press statement. Earnings per share stood at Rs 13.74, an increase of 45 per cent over the same period in the previous fiscal, it added. Also announcing the quarterly results from July to September 2023-24 financial year, the GRSE said its total income stood at Rs 969 crore in the period as against Rs 722 crore in the same period in 2022-23, an increase of Rs 247 crore. It said that revenue from operations for the second quarter of 2023-24 stood at Rs 898 crore as compared to Rs 682 crore in the same period in 2022-23, an .

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