Backyard Attain Shipbuilders & Engineers Ltd. noticed its shares soar practically 15%, reaching a 10-month excessive following the announcement of its fourth-quarter outcomes for fiscal 2025. The corporate’s internet revenue greater than doubled within the newest report.
Within the quarter ending March 31, GRSE’s internet revenue surged to Rs 244 crore, a rise from Rs 111.6 crore in the identical interval the earlier yr.
The board of GRSE has additionally proposed a closing dividend of Rs 4.9 per share for the monetary yr 2025. This suggestion is topic to approval by the shareholders on the upcoming annual common assembly. If accepted, the dividend shall be distributed to eligible shareholders inside 30 days of the AGM.
GRSE reported a 62% improve in income, reaching Rs 1,642 crore in comparison with Rs 1,015.7 crore within the corresponding quarter final yr. The corporate’s Ebitda additionally noticed an increase of 145%, amounting to Rs 220.95 crore, up from Rs 90.35 crore. The Ebitda margin expanded to 13.5%, in comparison with 8.9% within the earlier yr.
Backyard Attain Shipbuilders Share Worth In the present day
The scrip rose as a lot as 14.89% to Rs 2,200 apiece. It pared good points to commerce 11.6% increased at Rs 2,137 apiece, as of 10:00 a.m. This compares to a 0.58% advance within the NSE Nifty 50.
It has risen 116.90% within the final 12 months. Complete traded quantity to this point within the day stood at 8.2 occasions its 30-day common. The relative power index was at 72.
Out of 4 analysts monitoring the corporate, three preserve a ‘purchase’ score and one suggests ‘promote’, in keeping with Bloomberg knowledge. The common 12-month analysts’ consensus worth goal implies a draw back of 39.1%.
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