GRSE shares jump 18% post-Q4 results; Nifty India Defence index zooms 17% since April 1; key things to know

The PSU reported a net profit of ₹244 crore for Q4 FY25 against ₹112 crore logged in Q4 FY24, registering a growth of 118%. Its revenue from operations stood at ₹1,642 crore in Q4 FY25 as against ₹1,016 crore seen in Q4FY24, up 62%.

On the operational front, its EBITDA or earnings before interest, taxes, depreciation, and amortisation stood at ₹335 crore in Q4FY25 against ₹166 crore in Q4FY24, registering a growth of 101%.

Earnings per share (EPS) for Q4 FY25 was ₹21.32, against ₹9.74 in Q4FY24.

For the quarter, the PSU sad its board has recommended a final dividend of of ₹4.90 per equity share for the Financial Year 2024-25, subject to the approval of the shareholders at the ensuing annual general meeting (AGM) of the company. The final dividend would be paid within 30 days from the date of its declaration at the 109th AGM of the company.

GRSE FY25 numbers

The defence PSU reported a profit after tax (PAT) of ₹527 crore in 2024-25, registering a growth of 48% over ₹357 crore of net profit in the previous fiscal, an official said on Tuesday.

The company posted a 39% growth in total income in FY'25, as compared to the previous financial year.

The total income of the Kolkata-based warshipbuilder for 2024-25 stood at ₹5,411 crore as against ₹3,892 crore in 2023-24, the GRSE official said in a statement.

The earnings per share (EPS) for 2024-25 stood at ₹46.04, against ₹31.19 in 2023-24, the official said.

GRSE declared a total dividend at the rate of 138.5% of paid-up share capital against 93.6% in the previous year, he said.

Other defence equipment manufacturers such as Bharat Dynamics, Bharat Electronics, and Hindustan Aeronautics (HAL), among others were also in the limelight. The stocks are on a rising spree since a last few sessions. Data fetched from Trendlyne show that the NIFTY INDIA DEFENCE index has has jumped 17% since April 2025. (From March 31, 2025 closing to May 13, 2025 closing).

Recent big-ticket deals, March quarter earnings, geopolitical developments, and the government push for ‘Made in India’ military gear are the key reasons behind the surge in defence stocks. The sector is expected to rally ahead too given the said factors.

Bharat Forge

Bharat Forge reported an 11.6% year-on-year (YoY) loss in its net profit at ₹345.6 crore for the quarter ending on March 31 of the financial year 2024-25. Its net profit for the same quarter last fiscal was at ₹389.6 crore. The auto components major’s revenue from operations also declined 7.1% YoY for the quarter at ₹2,163 crore as against ₹2,329 crore in Q4 FY24.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter were reported at ₹616.7 crore, marking a 7% decline YoY from ₹659 crore. Margin for Q4 FY25 stood at 28.5% in contrast to 28.3% YoY.

Paras Defence

Paras Defence and Space Technologies reported a consolidated net profit of ₹19.72 crore for the quarter ended March 31, 2025 (Q4 FY25) on Wednesday, April 30. This translates to an increase of 97.79% year-on-year (YoY) against the ₹9.97 crore profit logged in the year-ago period.

Revenue from operations came in at ₹108.23 crore, up 35.8% from ₹79.69 crore registered in the corresponding period of the previous fiscal year.

ideaForge Technology

According to reports, revenue from operations tumbled 80.14% YoY to ₹20.31 crore in the quarter ended March 31, 2025. The company reported pre-tax loss of ₹25.69 crore during the quarter as compared with profit before tax of ₹14.14 crore in Q4 FY24.

Further, the company reported a negative EBITDA of ₹174.1 crore for the fourth quarter of FY25, compared to a positive EBITDA of ₹202.5 crore in the same period last year. EBITDA margins stood at -85.7% in Q4 FY25, sharply down from a positive margin of 19.8% reported in Q4 FY24.

ideaForge Technology manufactures and markets Unmanned Aerial Vehicle (UAV) systems, primarily used for security and surveillance.

Hindustan Aeronautics (HAL) will report its results for the March quarter today.