In Q2FY26, the company’s profit after tax (PAT) jumped 57% year-on-year to Rs 154 crore compared to Rs 98 crore in the same quarter last year. Earnings per share (EPS) rose to Rs 13.43 from Rs 8.54 in Q2FY25. Total income grew 42% to Rs 1,746 crore from Rs 1,228 crore a year ago, while revenue from operations climbed 45% to Rs 1,677 crore versus Rs 1,153 crore in the year-ago period.
Earnings before interest, tax, depreciation and amortization (EBITDA) came in at Rs 225 crore, up 56% from Rs 144 crore in Q2FY25, underscoring stronger operational performance.
For the first half of FY26, total income increased 35% year-on-year to Rs 3,128 crore against Rs 2,311 crore in H1FY25. Revenue from operations advanced 38% to Rs 2,987 crore from Rs 2,163 crore. The company’s EBITDA rose 49% to Rs 409 crore compared to Rs 274 crore, while profit before tax (PBT) grew 53% to Rs 376 crore from Rs 246 crore. PAT for the six-month period was Rs 274 crore, reflecting a 48% rise from Rs 185 crore in H1FY25.
“We are pleased that GRSE has maintained its growth trajectory, and the Q2 performance has been particularly encouraging. With a robust order book, focused execution strategy, and clear visibility on upcoming projects, we remain confident of sustaining strong financial results in the second half of FY26 as well,” the management stated in a press release.
The stock has gained over 60% so far in 2025.(Disclaimer: The recommendations, suggestions, views, and opinions expressed by experts are their own and do not represent the views of The Economic Times.)