GRSE Announces Q3FY21 Results, Registers 95% Profit Compared to Q3FY20

Kolkata, Defence Public Sector Undertaking (DPSU) Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country, has announced its financial results for the nine months and quarter ended December 31.

The total income of the Shipyard stood at Rs 399 crore in Q3FY21 as against Rs 320 crore in Q2FY21 resulting in an increase of 25 per cent over previous quarter. Revenues from operations for the quarter ended December 31, 2020 stood at Rs 360 crore as compared to Rs 272 crore registering 32 per cent increase over Q2FY20.

ads

Profit After Tax (PAT) reported by the company stood at Rs 58 crore for Q3FY21 as against Rs 38 crore in Q2FY20 with an increase of 95 per cent over corresponding quarter of Q3FY20.

More like this

Lockheed Martin Unveils Airborne HPM Counter-Drone System MORFIUS-X Rotor

Tel Aviv: The race to find the efficient protection...

EAM Jaishankar’s Bilateral Meetings in Manila Focused on Strengthening Strategic Partnerships

New Delhi: External Affairs Minister (EAM) S Jaishankar held...

D-Propulse Successfully Demonstrates Indigenous Rotating Detonation Engine, Achieves TRL-5

New Delhi: D-Propulse, an IIT-Madras-incubated start-up, has achieved a...

Boosting Air Power: IAF Advances with Over 60 Indigenous Defence Programmes

New Delhi: In a big push to the nation’s...

Major Breakthrough: Maiden Flight Test of Long-Range Air Defence Missile System – Kusha Successfully Conducted

New Delhi: India’s Defence Research and Development Organisation has...
Indian Navy Special Edition 2025spot_img