Garden Reach Shipbuilders has solid Q4 results

(20 second reading) In Q4, the Garden Reach Shipbuilders & Engineers’ revenue crossed Rs 1,000 crore, marking an increase of 69 percent compared to the year-ago quarter. The company’s net profit also doubled to Rs 112 crore during the quarter on an annual basis.
The management also added that the order book remains robust with ongoing projects currently yielding maximum revenue. Additionally, the company noted that more orders are anticipated soon. As for FY24, revenue increased by 40 percent and net profit witnessed a growth of 57 percent.
Garden Reach shares have surged a massive 70 percent in the last three months.