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 yr 2023-24, a rise of 31 per cent over the corresponding interval of the final monetary yr.
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 yr, it added.
Additionally asserting the quarterly outcomes for July-September 2023-24 of the monetary yr, GRSE stated its whole earnings stood at Rs 969 crore within the interval as towards 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, towards 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 towards 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 Help Unit is sustaining the tempo it set in the course of the first quarter of the monetary yr 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 yr ending September 30.
“I’m assured that with the launch of 10 of the 19 warships underneath building, the approaching months and years will see the shipyard ship high quality warships to the Navy with the intention to improve our nation’s maritime safety,” he stated.
(Solely the title and picture of this report could have been reworked by Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)