In Q2FY26, profit after tax (PAT) grew 57% to Rs 154 crore against Rs 98 crore in the corresponding quarter last year. Earnings per share (EPS) stood at Rs 13.43, up from Rs 8.54 in Q2FY25. GRSE’s total income stood at Rs 1,746 crore, up 42% year-on-year compared to Rs 1,228 crore in Q2FY25. Revenue from operations rose 45% year-on-year to Rs 1,677 crore from Rs 1,153 crore in the same period last year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at Rs 225 crore, marking a 56% increase from Rs 144 crore a year ago.
For the first half of FY26, total income rose 35% year-on-year to Rs 3,128 crore from Rs 2,311 crore in H1FY25, while revenue from operations increased 38% to Rs 2,987 crore from Rs 2,163 crore. The company’s EBITDA grew 49% to Rs 409 crore from Rs 274 crore, and PBT rose 53% to Rs 376 crore from Rs 246 crore. PAT for the half year stood at Rs 274 crore, registering a 48% increase from Rs 185 crore in H1FY25.
“We are happy that GRSE has been able to sustain the growth momentum, and the Q2 results have been very encouraging. With a strong order book, result-oriented project execution strategy and clear order visibility, we’re confident of equally strong financial performance in the second half of FY26,” the management said in a press release statement.
At around 1:10 pm, shares of the company were trading at Rs 2,692, up 4.6% from the previous close on the NSE. Garden Reach shares are up 63% on a year-to-date basis.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)