GRSE Share Price: Defence stock jumps over 16% after Q4 results, dividend announcement - Check key details

Mumbai:

Shares of Kolkata-based defence PSU Garden Reach Shipbuilders and Engineers (GRSE) surged over 16 per cent on Wednesday, April 29, 2026, after the company reported a 24 per cent year-on-year (YoY) increase in net profit for Q4FY26 at Rs 303.19 crore, compared to Rs 244.2 crore in the same quarter last year. The stock opened gap up at Rs 3,075.10, with a gain of 6.95 per cent from the previous close of Rs 2,875.30. It advanced further amid a spurt in trading volume by 12.15 times and touched the high of Rs 3,338.90, representing a gain of 16.12 per cent. Last seen, the stock was trading at Rs 3,041.30, with a gain of Rs 166 or 5.77 per cent.

The revenue of the company rose 29 per cent to Rs 2,119 crore from Rs 1,642 crore a year ago. EBITDA surged 61 per cent to Rs 355 crore in the March quarter, up from Rs 221 crore in the corresponding period last year. Its EBITDA margin improved to 16.8 per cent from 13.4 per cent.

GRSE dividend 

The board has recommended a final dividend of Rs 6.70 per equity share with a face value of Rs 10 each for the financial year 2025-26.  

FY26, subject to shareholder approval at the upcoming annual general meeting (AGM). However, the company said the dividend is subject to shareholder approval at the upcoming annual general meeting (AGM).

The company said that the final dividend would be paid within 30 days from the date of its declaration at the 110th AGM of the company.

GRSE share price history

According to BSE Analytics, the stock has yielded a strong return of 1,632.47 per cent in five years and 565.04 per cent in three years. On a year-to-date (YTD) basis, the stock has gained 25.76 per cent as against the correction of 8.95 per cent in the benchmark index. 

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