According to estimates, the company is likely to report revenue growth of 43% from the same quarter last year to ₹1,441 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter may increase by 144% to ₹137 crore from ₹56.3 crore last year.
The company’s revenue growth for the quarter is likely to be aided by an advanced stage of order execution of P17A Frigates.
EBITDA margin is likely to see an expansion of 395 basis points to 9.53% from 5.58% in the year-ago quarter, while the company’s net profit may increase 75% on a year-on-year basis to ₹153 crore.
Profitability for Garden Reach is generally aided by a higher other income component.
Award date and execution of Next-gen Corvettes (NGCs) worth over ₹25,000 crore and execution progress for the ASW Shallow Water Crafts are some of the key factors to watch out for.
During the March quarter earnings call, the management had disclosed that its order book stood at ₹22,680 crore and the company is likely to reach peak execution by the end of the current financial year.
Shares of Garden Reach Shipbuilders are trading 2.1% lower at ₹2,492. The stock is down 30% from its recent record high of ₹3,538.
