Protection PSU Backyard Attain Shipbuilders and Engineers Restricted (GRSE) on Friday stated it generated income of Rs 1,654 crore from operations within the first half of the monetary 12 months 2023-24, a rise of 31 per cent over the corresponding interval of the final monetary 12 months.
The Kolkata-based warship builder made a revenue earlier than tax (PBT) of Rs 209 crore, whereas revenue after tax (PAT) stood at Rs 157 crore, a rise of 45 per cent over the primary half of 2023, GRSE stated in a report. 2024. press launch.
Earnings per share amounted to Rs 13.74, a rise of 45 per cent in comparison with the identical interval of the earlier monetary 12 months, it added.
Additionally saying the quarterly outcomes for July-September 2023-24 of the monetary 12 months, GRSE stated its whole revenue stood at Rs 969 crore within the interval as in opposition to Rs 722 crore in the identical interval of 2022-23, a rise of Rs 247 crore.
Income from operations for the second quarter of 2023-24 stood at Rs 898 crore in comparison with Rs 682 crore in the identical interval of 2022-23, a rise of Rs 216 crore and a progress of 32 per cent, it stated.
The corporate stated its pre-tax revenue stood at Rs 107 crore for the second quarter of 2023-24, in opposition to Rs 79 crore in the identical interval of the earlier fiscal, registering a progress of 36 per cent.
VAT stood at Rs 81 lakh crore within the second quarter of 2023-24 as in opposition to Rs 59 lakh crore in the identical interval of the earlier fiscal, representing a progress of 37 per cent, it stated.
The corporate additionally stated that earnings per share for the second quarter of 2023-2024 stood at Rs 7.05 in comparison with Rs 5.13 in the identical interval of 2022-2023, registering a progress of 37 per cent.
Commenting on the outcomes, Chairman and Managing Director Commodore Harry BR (Retd) stated that the Protection Operations Assist Unit is sustaining the tempo it set in the course of the first quarter of the monetary 12 months 2023-2024 and that its robust materials efficiency throughout all operational segments has improved. Which led the corporate to document its greatest monetary outcomes ever for the quarter and a half of the 12 months ending September 30.
“I’m assured that with the launch of 10 of the 19 warships underneath development, the approaching months and years will see the shipyard ship high quality warships to the Navy so as to improve our nation’s maritime safety,” he stated.
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