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

Pakistan’s Domestic Fault Lines are Widening

The latest protests in Pakistan-occupied Kashmir (PoK) are more...

The Mecca Pact: Muslim Solidarity Meets Geopolitics

On August 7, Saudi Arabia, Türkiye and Pakistan signed...

Makkah Pact to Reshape the Middle East

On August 7, in the holy city of Makkah,...

Sheikh Hasina’s Bid for Comeback and the Strategic Stakes for India

Sheikh Hasina's latest press conference was far more than...

Poland to Expand Shopping List of Israeli Defence Systems, Advanced Negotiations Underway

Tel VIV: The Polish ministry of defence is in...

HAL Redraws India’s Helicopter Sky Roads

Something quietly big has happened in Bengaluru, and it...

US Navy Awards Saildrone $16.3 Million Task Order to Extend Operations of the Voyager USV Fleet

Washington: Following the recent announcement that a Saildrone Voyager...

US Army Searching for Small Drone Destroyer Surface-to-Air Missile

Washington: The US Army is searching for a surface-to-air...
Indian Navy Special Edition 2025spot_img