Q4 2025 Garden Reach Shipbuilders & Engineers Ltd Earnings Call Transcript
Key Points
- Garden Reach Shipbuilders & Engineers Ltd (BOM:542011) reported a record-breaking financial performance for the fiscal year ending March 31, 2025, with revenue from operations increasing by 62% year-over-year.
- The company achieved a significant growth in EBITDA, which rose by 101%, and profit after tax, which increased by 118% compared to the previous year.
- The order book remains robust at INR 22,680 crores, with a diverse portfolio of projects including 16 warships for the Indian Navy and various vessels for international clients.
- Garden Reach Shipbuilders & Engineers Ltd (BOM:542011) is expanding its shipbuilding capacity from 24 to 28 ships by 2025, with plans to explore opportunities for facilities outside Kolkata.
- The company has successfully delivered several key projects, including the first anti-submarine shallow watercraft to the Indian Navy, showcasing its strong project execution capabilities.
- Despite strong financial performance, the company faces challenges in maintaining its order book size due to the high revenue accruals.
- There is uncertainty regarding the timeline for new project awards, such as the next generation corvette project, which could impact future revenue streams.
- The company is operating in a competitive environment with other Indian shipyards, which may affect profit margins as all projects are now awarded on a competitive basis.
- Garden Reach Shipbuilders & Engineers Ltd (BOM:542011) is experiencing capacity constraints, necessitating investment in rejuvenating existing facilities and exploring new locations.
- The geopolitical tensions and global conflicts pose potential risks to the supply chain, although no direct impact has been reported so far.
I am Nadia, the moderator for this conference. Welcome to the conference call of Garden Reed Shipbuilders and Engineers Limited, arranged by Concept Investor Relations to discuss its Q4 and F 525 results ended March 31, 2025.
We have with us today Commodore PR Hari, Indian Navy retired, Chairman and managing director, Shri RK Dash, Director of Finance and CFO, and Shri Sandeep Mahapatra, Company secretary and compliance officer. Please note this conference will be recorded. I would now like to hand over the floor to Commodore PR Hari, Chairman and managing director.
Thank you and over to you, sir.
Oh thank you, Nadia.
Ladies and gentlemen, a very good afternoon to each one of you.
I am PR Hari, Chairman and managing director of the company, and with me here, Sri Ramesh Kumarar.
Director of Finance and CFO Mrs. Arajita Ghosh, general manager of finance, and Shri Sandeep Mahapatra, the company secretary and compliance officer.
At the outset, my warm
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