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

Strategic Collaboration: Rafael and SpearUAV to Develop and Market Iron Wasp

Tel Aviv: Israeli defence companies continue to develop counter-UAS...

Israel’s Glorious Failure Shocks World in Iran Ceasefire Deal

On February 28, hundreds of American and Israeli fighter...

Airbus and Armenia Sign for Six H145 Helicopters  

Donauwörth, Germany. Airbus Helicopters and the Republic of Armenia...

SMPP Partners with KNDS to Manufacture Advanced Loitering Munitions in India

New Delhi/Eurosatory, Paris: SMPP, one of India’s leading defence...

India Space Congress 2026: Masterplan Revealed for Sovereign Mega-Satellite Constellations

Speaking at the high-energy India Space Congress (ISC) 2026...

A Strategic Turning Point

Numbers, in matters of nuclear strategy, rarely tell the...
Indian Navy Special Edition 2025spot_img