Garden Reach Shipbuilders sets a revenue target of Rs.10,000 Cr for FY30

Garden Reach Shipbuilders Ltd., a state-run shipbuilding company, has maintained its revenue growth guidance of 25% for the current fiscal year. In the June quarter, the company reported a 34% year-on-year revenue growth, highlighting its strong financial performance.

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Looking ahead to FY-2030, Garden Reach has set an ambitious revenue target of ₹10,000 crore, a significant increase from the ₹3,592 crore achieved at the end of FY-2024. Commodore PR Hari, IN (Retd.), the Chairman and Managing Director of the company, expressed confidence in meeting these targets, citing the company’s robust order book and strategic planning.

The shipbuilder’s current order book stands at ₹25,231 crore, with 90% of this stemming from the shipbuilding segment. A substantial portion of these orders, between 85% and 90%, are domestic, primarily from the Indian Navy. Additionally, the company anticipates securing orders worth ₹2,000 crore over the next six months, including export contracts, further bolstering its revenue prospects.