Garden Reach Shipbuilders & Engineers Q2 Results FY27: PAT Up 11.83% to Rs 171.98 Cr, Revenue Rs 1,826.69 Cr

Garden Reach Shipbuilders & Engineers Ltd (GRSE) Q2 Results FY27 announced on 11 November 2026, covering the company's financial performance for the July to September quarter. The results date brought standalone results with revenue of Rs 1,826.69 Cr and PAT of Rs 171.98 Cr, a YoY rise of 11.83%. Garden Reach Shipbuilders & Engineers Q2 Results FY27 are filed on a Standalone basis, so every figure in this article refers to the company alone.

This results analysis of Garden Reach Shipbuilders & Engineers Q2 Results covers the financial highlights, the business drivers behind the numbers, the outlook and the key risks. Univest tracks these filings for listed companies, and the table below sets out the core figures before the detailed discussion begins.

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Garden Reach Shipbuilders & Engineers Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 1826.69 Cr	Rs 1677.38 Cr	+8.9% YoY
Operating Profit	Rs 195.5 Cr	Rs 156.16 Cr	+25.19% YoY
Net Profit (PAT)	Rs 171.98 Cr	Rs 153.79 Cr	+11.83% YoY

Source: company filing for Garden Reach Shipbuilders & Engineers Q2 Results FY27, 11 November 2026. Figures in Rs Crore, Standalone basis.

Key Takeaways from Garden Reach Shipbuilders & Engineers Q2 Results: What Stands Out

• Revenue of Rs 1,826.69 Cr rose 8.9% YoY, against Rs 1,677.38 Cr reported in the same quarter a year earlier.
• Net profit of Rs 171.98 Cr rose 11.83% YoY from Rs 153.79 Cr, so profit growth ran ahead of revenue growth in Garden Reach Shipbuilders & Engineers Q2 Results FY27.
• Operating Profit of Rs 195.50 Cr showed YoY growth of 25.19% from Rs 156.16 Cr, the highest rate of the three headline lines.
• Return on equity of 31.79% and return on capital employed of 43.66% for FY26 are the returns figures supplied with the standalone results.
• Quarter on quarter, net profit eased 0.5% from Rs 172.84 Cr, a point the risks section examines later in the article.
• The results analysis that follows explains how these three YoY movements fit together.

Garden Reach Shipbuilders & Engineers Q2 Results FY27: Performance Analysis

Garden Reach Shipbuilders & Engineers Q2 Results FY27 show revenue of Rs 1,826.69 Cr, net profit of Rs 171.98 Cr and Operating Profit of Rs 195.50 Cr, all higher than the same quarter of the previous year. Revenue rose 8.9% YoY, net profit rose 11.83% YoY and Operating Profit rose 25.19% YoY.

The results analysis begins with the spread between the three lines. Revenue added Rs 149.31 Cr over the year, while net profit added Rs 18.19 Cr and Operating Profit added Rs 39.34 Cr. That spread is the main pattern in the quarterly results declared on 11 November 2026.

Investors tracking Garden Reach Shipbuilders & Engineers Q2 Results will want to compare these YoY growth rates with later disclosures, since one quarter shows direction but not a full-year pattern. The Univest Screener lets readers follow each new filing as it is declared. These numbers also set the base for the business factors, which are the next step in the quarterly results discussion.

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Key Business Factors This Quarter

Revenue Growth – The quarterly results rest first on revenue, which grew 8.9% YoY to Rs 1,826.69 Cr in the latest quarter. This revenue figure is the base on which Operating Profit of Rs 195.50 Cr and net profit of Rs 171.98 Cr were reported.

Net Profit Growth – Net profit rose 11.83% YoY to Rs 171.98 Cr in Garden Reach Shipbuilders & Engineers Q2 Results FY27, up from Rs 153.79 Cr a year earlier. The supplied data confirms the figure but does not establish the specific cause of the change.

Return Ratios – Return on equity was 31.79% in FY26 and return on capital employed was 43.66% in FY26. These are the two returns figures disclosed alongside the standalone results, and they describe the full year rather than this quarter alone.

FY27 Outlook After Garden Reach Shipbuilders & Engineers Q2 Results

From the results date onward, the results analysis for FY27 depends on what the coming quarters report. Full-year results will build on the first two quarters of the year, and the net profit of Rs 171.98 Cr in this quarter will be compared with each later quarter as results are declared.

Garden Reach Shipbuilders & Engineers Q2 Results FY27 give readers a reference point for that comparison. Subsequent filings and disclosed sector conditions will show whether revenue growth of 8.9% and net profit growth of 11.83% are repeated, and the risks below show what could change that comparison.

Key Risks to Watch After Garden Reach Shipbuilders & Engineers Q2 Results FY27

Quarter on Quarter Net Profit

Net profit was down 0.5% quarter on quarter from Rs 172.84 Cr, so the sequential movement runs opposite to the 11.83% YoY growth recorded in Garden Reach Shipbuilders & Engineers Q2 Results FY27.

Slower Annual Growth

Annual earnings growth slowed in FY26 compared with FY25, a trend that readers can weigh against the YoY growth reported for the latest quarter when reading the full year.

Revenue and Profit Spread

Revenue grew 8.9% YoY while Operating Profit grew 25.19% YoY, so the profit growth depends on this spread between the two lines holding in later quarters, which any results analysis should track.

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Conclusion

Garden Reach Shipbuilders & Engineers Q2 Results FY27 show revenue of Rs 1,826.69 Cr and net profit of Rs 171.98 Cr on a standalone basis, with YoY growth across revenue, Operating Profit and net profit. The quarterly results declared on the results date give a clear base for tracking the next filings. Anyone reading Garden Reach Shipbuilders & Engineers Q2 Results as standalone results should note the figures cover the company alone. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Garden Reach Shipbuilders & Engineers Q2 Results FY27

What are Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. The Garden Reach Shipbuilders & Engineers Q2 Results FY27 cover the July to September 2026 quarter, with revenue of Rs 1,826.69 Cr and net profit of Rs 171.98 Cr, summarised in the Quick Answer box.

What is the results date for Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. The results date for Garden Reach Shipbuilders & Engineers Q2 Results FY27 is 11 November 2026, when Garden Reach Shipbuilders & Engineers declared its July to September quarter, as the opening paragraphs of the article explain.

What revenue was reported in Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. Garden Reach Shipbuilders & Engineers reported revenue of Rs 1,826.69 Cr, compared with Rs 1,677.38 Cr a year earlier, so the Financial Highlights table shows the full revenue comparison.

What net profit was reported in Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. Net profit was Rs 171.98 Cr in the quarter, compared with Rs 153.79 Cr a year earlier, which means the Key Takeaways section can be read alongside the Financial Highlights table.

How much YoY growth did revenue show in Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. Revenue showed YoY growth of 8.9% in Garden Reach Shipbuilders & Engineers Q2 Results FY27, while net profit grew 11.83% YoY, as the results analysis in the Performance Analysis section compares the two growth rates.

Did net profit rise or fall in Garden Reach Shipbuilders & Engineers Q2 Results?

Ans. Net profit rose 11.83% YoY in Garden Reach Shipbuilders & Engineers Q2 Results to Rs 171.98 Cr, while quarter on quarter it eased 0.5% from Rs 172.84 Cr, as the Key Risks section notes.

What was the Operating Profit in Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. Operating Profit was Rs 195.50 Cr in the quarter, up 25.19% YoY from Rs 156.16 Cr, which means it grew faster than revenue, as the results analysis in the Performance Analysis section shows.

Are Garden Reach Shipbuilders & Engineers Q2 Results consolidated results or standalone results?

Ans. The figures are standalone results, so they cover Garden Reach Shipbuilders & Engineers alone, as the Quick Answer box and the opening paragraphs state the basis.

What business factors shaped Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. The disclosed factors are revenue growth of 8.9% YoY, net profit growth of 11.83% YoY and FY26 return ratios, so the Key Business Factors section covers each one in turn.

What are the key risks after Garden Reach Shipbuilders & Engineers Q2 Results FY27?

Ans. The risks cover a 0.5% quarter on quarter dip in net profit from Rs 172.84 Cr and a slower annual growth rate, as the Key Risks section explains further.

What is the outlook after Garden Reach Shipbuilders & Engineers Q2 Results?

Ans. FY27 full-year results depend on the coming quarters and disclosed sector conditions, so the FY27 Outlook section treats this quarter as a reference point for later comparison.

Where can I find the complete Garden Reach Shipbuilders & Engineers Q2 Results FY27 data?

Ans. The Financial Highlights table in this article lists the full set of figures, while the Univest Screener and the Univest app let readers follow later filings from the company.