Rs 7.92/Share Dividend: Multibagger PSU Defence Stock Declines 11.58% In 2-Weeks

Mid cap shipping sector company Garden Reach Shipbuilders & Engineers (GRSE) shares rallied 3.23% in trade today after the company's Board of Directors declared quarterly earnings and approved an interim dividend of Rs 7.92 per share of the face value of Rs 10 each.

The record date for dividend is Feb 23, 2024. Garden Reach Shipbuilders shares soared 234% in last 2-years.Check details below:

Garden Reach Shipbuilders Declares Interim Dividend: As per the BSE filing of the company dated February 13, 2024, "Board of Directors of the Company at their Meeting held on Tuesday, 13 Feb 2024 has declared an Interim Dividend for the Financial Year 2023-24 @ Rs 7.92/- per equity share of face value of Rs 10/- each, amounting to Rs 90.73 crore, out of profits of the Company for the nine months period ended 31st December, 2023. Further, the Board of Directors has fixed Friday, 23 Feb 2024 as the Record Date for determining the shareholders entitled to receive the Interim Dividend for FY 2023-24."

Garden Reach Shipbuilders Shares Performance & Return: Last trading price of Garden Reach Shipbuilders shares on BSE is Rs 798.45 apiece. The 52-week high price of Garden Reach Shipbuilders shares on BSE is Rs 973.95 apiece and 52-week low price is Rs 398.75 apiece, respectively. The company has a market capitalisation of Rs 9146.40 crore. Garden Reach Shipbuilders shares declined 8% in last 1-week, offered return of 37% in last 6-months, gained 80% in last 1-year, and soared 234% in last 2-years.

Garden Reach Shipbuilders Q3: The company announced its revenue from operations for the quarter ended December 31, 2023 at Rs 923.09 crore as compared to Rs 698.6 crore declared in the corresponding quarter of last year. Total expenses for the December 2023 quarter came at Rs 885.94 crore as against 662.94 crore. The EPS for the December quarter declared at Rs 7.70 from 5.58 reported in the similar quarter of last year.

The company declared its profit for the December quarter at Rs 88.25 crore as compared to Rs 63.92 crore announced in the similar quarter of last year.

Garden Reach Shipbuilders About: The journey of Garden Reach Shipbuilders & Engineers Ltd., a premier Warship building Company in India, under the administrative control of Ministry of Defence, a PCMM Level-2 Certified Company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

Disclaimer: The stock highlights q3 results and dividend. It is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.