News Overview

Garden Reach Shipbuilders Ltd declared a record-high interim dividend of ₹8.95 a share

Revenue declined slightly by 0.6% YoY, standing at ₹328.9 crore, down from ₹330.9 crore in Q3 FY24.

Crossing ₹300 crore in Assets Under Management (AUM) is one of the most significant milestones achieved by the company during this quarter

M&M and Bajaj Finance are the two stocks that hit a 52-week high in Sensex and in Nifty

The NFO is available for subscription from Jan 31 to Feb 14, 2025.

The company will also focus on railway signalling and safety solutions, covering areas like train control and condition monitoring.

At the operating level, EBITDA fell by 19.9% YoY to ₹434 crore, compared to ₹542 crore in the corresponding quarter last year.

In the previous corresponding quarter, the company posted a net profit of ₹4,028.30 Crore, said the company in its filing with the bourses.

Despite a decline in profit for the quarter, the real estate business logged a growth of 103.65% y-o-y to ₹167 Crore in Q3FY25.

EBITDA margin came in at 15.4% in the quarter under review as compared to 16.30% in the previous corresponding period.