104th
Annual General Meeting of GRSE
The
104thAnnual General Meeting (AGM) of Garden Reach Shipbuilders &
Engineers Limited (GRSE) was held on Friday 11 Sep 2020 through VC/OAVM. The Meeting
was attended by Rear
Admiral VK Saxena, IN (Retd), Chairman & Managing Director and other
Directors, along with shareholders.
The
performance of GRSE, continued to be strong during the year 2019-20:
●
Revenue from Operations stood at Rs. 1433.30 Cr as compared
Rs.1386.42 Cr, an increase of3.38 % over Previous Year
●
EBITDA stood at Rs. 255.30 Cr as compared to Rs.211.16 Cr, 20.90%,
improvement over Previous Year
●
EBITDA (Margin) is 15.39% in current twelve months against 13.56%
in the corresponding twelve months. Thus, registering an increase of 1.83%
●
PBT stood at Rs. 223.87 Cr as compared to Rs.178.96 Cr, up by
25.10%, in comparison to twelve months of Previous Year
●
PAT stood at Rs.163.48 Cr, as compared to Rs.109.94 Cr, up by
48.70%, in comparison to same period of Previous Year
●
Profit After Tax (Margin) is 9.86% in current twelve months
against 7.06% in the corresponding twelve months Thus, registered increase of
2.80%
●
EPS stood at Rs.14.27 as compared to compared to Rs. 9.60 up by
Rs.4.67 per share, in comparison to same period of Previous Year
The
Board of Directors of the Company has recommended a final dividend of Rs. 1.40/-
per equity share of face value of Rs.10/- each for the financial year 2019-20.
This is in addition to the interim dividend of Rs.5.74/- per equity share of
face value of Rs. 10/- each which was paid on 30 Mar 2020. The total Dividend
declared for the Financial Year 2019-20 is Rs.7.14/- per equity share of face
value of Rs.10/- each. The order book position of the Company as on 31 Mar 2020
stood at Rs. 26,544 Cr with shipbuilding projects related Order Book Value of
Rs. 26,281 Cr. During the Reported Period the company delivered 04 Warships, 02
for Indian Navy and 02 for Indian Coast Guard.
This makes total warship delivered numbers as104 till end of 31st March
2020.
Strengthening India’s Defence
preparedness has been GRSE’s core objective, focused on its core verticals of
Shipbuilding, Engineering & Engine Production. The Company delivered the
105th warship, FPV, ICGS Kanaklata Barua, to the Indian Coast Guard
on 09 Jun 2020, being the only shipyard in the country to have delivered 105
warships. With continuous focus on modernization of infrastructure, GRSE has
taken a strategic step to augment existing shipbuilding capacity. A state of
the art underwater CNC Plasma Cutting Machine & a new Hull Block
Fabrication Facility was inaugurated by Hon’ble Raksha Mantri, Shri Rajnath
Singh at the RBD Unit of GRSE during AtmaNirbhar Bharat Week on 10 Aug 2020. GRSE’s
diversification into Engineering has aided the land forces of the country and
friendly foreign countries with the range of pre-fabricated steel bridges
installed at high altitudes and for disaster relief. On 13 Aug 2020, Shri
Rajnath Singh, Hon’ble Raksha Mantri, launched a “First of its Kind” Assault
Bridge as part of the AtmaNirbhar Bharat Week Event.
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