GRSE rallies 5% on defence MoU with K2 Cranes, Q3 PAT soars 74%; detailsGRSE rallies 5% on defence MoU with K2 Cranes, Q3 PAT soars 74%; details

Introduction

Leading shipbuilder signs MoU with K2 Cranes to manufacture marine, defence, and shipyard cranes domestically, supporting Atmanirbharta and reporting strong Q3 FY26 financial growth.

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Share price movement of GRSE

On January 29, 2026, Garden Reach Shipbuilders & Engineers Ltd opened at ₹2,599.45, up 3.17% from its previous close of ₹2,519.45. The stock reached a high of ₹2,640.00 (4.76%) and a low of ₹2,550.50. By 3:50 PM, it traded at ₹2,582.90, a 2.52% increase, with a market cap of ₹29,587.64 crore.

GRSE Signs Crane MoU and reports Q3 Surge

Garden Reach Shipbuilders and Engineers Limited signed an MoU with K2 Cranes and Components on January 28, 2026, to design, develop and manufacture marine, defence and shipyard cranes jointly equipment.

Under the agreement, cranes will be manufactured indigenously, reducing import dependence and supporting Atmanirbharta and Make in India goals, while enabling GRSE and K2 Cranes to serve global clients internationally.

Also, GRSE reported strong Q3 FY26 results, with total income rising 46% YoY to Rs. 1,958 crore, while revenue from operations increased 49% YoY to Rs. 1,896 crore during the quarter.

Profit after tax stood at Rs. 171 crore in Q3 FY26, compared with Rs. 98 crore in Q3 FY25, marking a 74% year-on-year growth during the reported third quarter period.

Stock performance of GRSE for Period of 1 week, 6 months, and 1 year

Garden Reach Shipbuilders & Engineers Ltd delivered a 9.42% return over the past week, declined 2.40% in the past 6 months, and gained 63.8% over the past 1 year.

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Shareholding pattern of GRSE

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	75%	75%	75%
FII	3%	3%	5.30%
DII	1.60%	2.00%	1.80%
Public	20.90%	20.30%	18.40%

About GRSE

Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) is a leading Indian shipbuilder under the Defence Ministry, exporting warships and delivering over 100 vessels to the Navy and Coast Guard.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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