On April 29, 2026, shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 15%, opening at ₹3,100 after the company announced strong Q4 FY26 results. The Kolkata-based defence public sector unit reported a 24% year-on-year increase in net profit, totaling ₹303.19 crore, compared to ₹244.2 crore in the same period last year. Revenue for the quarter rose by 29% to ₹2,119 crore from ₹1,642 crore a year ago. The company's EBITDA saw a remarkable 61% increase, reaching ₹355 crore, with the EBITDA margin improving to 16.8% from 13.4%. The board has recommended a final dividend of ₹6.70 per equity share, pending shareholder approval at the upcoming annual general meeting. PR Hari (retd), Chairman and Managing Director, highlighted that FY26 was a landmark year for GRSE, with the delivery of eight warships, and emphasized plans for future enhancements and diversification.