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

India Reaffirms its Commitment to Safeguard Chabahar Port

New Delhi:  India has reaffirmed its commitment to the...

France’s Military Drone Production Shifts from Policy Ambition to Industrial Implementation 

Paris: France’s push to enlist its car industry to...

SDHI Wins Order from Svitzer to Build Four TRAnsverse 3200 Tugs

Mumbai: Swan Defence and Heavy Industries Limited (SDHI), India’s...

Launch Test of the Arrow Weapon System Conducted Successfully

Tel Aviv: The Israeli Missile Defence Organisation (IMDO) within...

IG Defence Positions India’s Shahed-Class KAL Drone for Global Export Amid Rising Gulf Tensions

New Delhi: As geopolitical developments across the Gulf continue...

Land Blockade Against Iran: US and Israel Evaluating the Idea

Tel Aviv: As the US is not using its...

AM/NS India Steel Powers Indian Navy’s Newly Commissioned INS Malvan

New Delhi/Mumbai: ArcelorMittal Nippon Steel India (AM/NS India) supplied 100%...

Looking for New Engines, US Air Force Embarks on a Multiyear Fighter Engine Procurement Project

Washington: Dissatisfied with the quality of the engines for...
Indian Navy Special Edition 2025spot_img