GRSE shares soar 16%; here’s what the defence PSU management said

Shares of Garden Reach Shipbuilders & Engineers jumped over 16% after the company reported a record FY26 turnover of Rs 6,400 crore, up 26% year-on-year. The strong performance was driven by a landmark year of deliveries, including eight vessels to the Indian Navy—the highest ever in a single fiscal—highlighting robust execution and order momentum.