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

New Delhi’s Moment: India Has the Leverage to Take BRICS to a New Horizon

When the leaders of an eleven-nation grouping representing nearly...

Delhi’s BRICS Gambit: Modi Hosts, Xi Bends, Iran Waits

New Delhi is hosting the 18th BRICS Summit at...

The Roots of 9/11: Blowback from the Afghan Jihad

On September 11, 2001, nearly 3,000 people were murdered...

CMD, GRSE Honoured with Lifetime Contribution Award for Distinguished Maritime Leadership

Mumbai/Kolkata: Cmde PR Hari, IN (Retd.), Chairman & Managing...

If 25kW Can Power Critical Defence Systems, What Can 50kW Do? Powertec Has the Answer

New Delhi: In a specialised defence platform, even 25kW...

ADG – Army Design Bureau Visits Garuda Aerospace’s Indigenous Defence Drone Manufacturing Facility

Chennai: IPO-bound Garuda Aerospace, one of India’s leading drone technology...

Dhruva, Safran Seal €5 Million Space Deal

Paris . Indian space company Dhruva Space and France’s...

PM Modi Sets Space Targets in Paris

Paris. Prime Minister Narendra Modi on September 10 outlined...
Indian Navy Special Edition 2025spot_img