Integrated Filing — IndAS

General information about company
Scrip Code	542011
NSE Symbol	GRSE
MSEI Symbol	NOTLISTED
ISIN	INE382Z01011
Name of company	GARDEN REACH SHIPBUILDERS & ENGINEERS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	13-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	30-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Ship Construction
Start date and time of board meeting	13-May-2025   14:30:00
End date and time of board meeting	13-May-2025   17:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	No
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-05-13
Indicate Company website link for updated RPT policy of the Company	https://grse.in/policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
The company does not have Long Term Loan or Debt Securities.

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	16420357000	50756877000
	Other income	1139381000	3348375000
	Total income	17559738000	54105252000
2	Expenses
(a)	Cost of materials consumed	10445442000	33247033000
(b)	Purchases of stock-in-trade	1023075000	2712316000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-403831000	-605430000
(d)	Employee benefit expense	972789000	3608466000
(e)	Finance costs	13578000	103228000
(f)	Depreciation, depletion and amortisation expense	100091000	424923000
(f)	Other Expenses
1	Sub-contracting charges	1299091000	4835674000
2	Other Expenses - Project Related	516245000	1481847000
3	Other Expenses	357727000	1264298000
	Total other expenses	2173063000	7581819000
	Total expenses	14324207000	47072355000
3	Total profit before exceptional items and tax	3235531000	7032897000
4	Exceptional items	0	0
5	Total profit before tax	3235531000	7032897000
6	Tax expense
7	Current tax	753420000	1727148000
8	Deferred tax	39618000	31711000
9	Total tax expenses	793038000	1758859000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2442493000	5274038000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	2442493000	5274038000
17	Other comprehensive income net of taxes	-33839000	-25608000
18	Total Comprehensive Income for the period	2408654000	5248430000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1145520000	1145520000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		699366000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	21.32	46.04
	Diluted earnings (loss) per share from continuing operations	21.32	46.04
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	21.32	46.04
	Diluted earnings (loss) per share from continuing and discontinued operations	21.32	46.04
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4994510000
	Capital work-in-progress	212293000
	Investment property	0
	Goodwill	0
	Other intangible assets	157103000
	Intangible assets under development	67691000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	44000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	942733000
	Total non-current financial assets	942777000
	Deferred tax assets (net)	0
	Other non-current assets	1926051000
	Total non-current assets	8300425000
2	Current assets
	Inventories	35522467000
	Current financial asset
	Current investments	0
	Trade receivables, current	2594577000
	Cash and cash equivalents	38827000
	Bank balance other than cash and cash equivalents	37279713000
	Loans, current	0
	Other current financial assets	2049143000
	Total current financial assets	41962260000
	Current tax assets (net)	0
	Other current assets	17756662000
	Total current assets	95241389000
3	Non-current assets classified as held for sale	505000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	103542319000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1145520000
	Other equity	19647104000
	Total equity attributable to owners of parent	20792624000
	Non controlling interest
	Total equity	20792624000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	77119000
	Total Trade payable	77119000
	Other non-current financial liabilities	76208000
	Total non-current financial liabilities	153327000
	Provisions, non-current	940956000
	Deferred tax liabilities (net)	162936000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1257219000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	36761000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	11477318000
	Total Trade payable	11514079000
	Other current financial liabilities	377754000
	Total current financial liabilities	11891833000
	Other current liabilities	69058300000
	Provisions, current	542343000
	Current tax liabilities (Net)
	Deferred government grants, Current	0
	Total current liabilities	81492476000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	82749695000
	Total equity and liabilites	103542319000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of post emplyment benefit obligations	-45222000	-34222000
	Total Amount of items that will not be reclassified to profit and loss	-45222000	-34222000
2	Income tax relating to items that will not be reclassified to profit or loss	-11383000	-8614000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-33839000	-25608000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			7032897000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			103228000
	Adjustments for decrease (increase) in inventories			4321947000
	Adjustments for decrease (increase) in trade receivables, current			-652507000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-4513788000
	Adjustments for decrease (increase) in other non-current assets			60240000
	Adjustments for other financial assets, non-current			133248000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1687545000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-4253873000
	Adjustments for increase (decrease) in other non-current liabilities			23097000
	Adjustments for depreciation and amortisation expense			424923000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			509651000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-9453000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-77236000
	Adjustments for dividend income			0
	Adjustments for interest income			2497368000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-13763000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-365149000
	Other adjustments for non-cash items			1094000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-5118164000
	Net cash flows from (used in) operations			1914733000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1758859000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			155874000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			670567000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2497368000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-129029000
	Net cash flows from (used in) investing activities	1697772000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			26232000
	Dividends paid			1190195000
	Interest paid			107092000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-544000000
	Net cash flows from (used in) financing activities			-1867519000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-13873000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-13873000
	Cash and cash equivalents cash flow statement at beginning of period			52700000
	Cash and cash equivalents cash flow statement at end of period			38827000