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Garden Reach Shipbuilders & Engineers

Revenue up 32.13% at Rs 923.09 crore vs Rs 698.6 crore (Bloomberg estimate: Rs 960.95 crore). Ebitda up 3.94% at Rs 48.7 crore vs Rs 46.85 crore (Bloomberg estimate: Rs 64.85 crore). Margin narrows 143 bps to 5.27% vs 6.7% (Bloomberg estimate: 6.70%). Net profit up 38.06% at Rs 88.25 crore vs Rs 63.92 crore (Bloomberg estimate: Rs 89.1 Cr) View: Result is in with the expectation