GRSE shares rises 2% after Q2 net profit climbs 12% YoY
GRSE shares rose on Thursday after the defence shipbuilder reported a 12% year-on-year increase in Q2 FY27 net profit to Rs 171.97 crore. Revenue grew 9% to Rs 1,827 crore, while EBITDA rose 13%. The company also highlighted key project milestones and infrastructure expansion during the quarter.
Cupid shares rose 7.75% to Rs 381.40 after the company announced a 133% year-over-year increase in Q2 FY27 net profit and a 122% boost in revenue from operations. The domestic business contributed 67% of H1 FY27 sales, while the Consumer Healthcare & FMCG segment drove 49% of total sales. The international segment contributed 33% of H1 FY27 sales, bolstered by institutional demand and national program supplies.
EBITDA for H1 FY27 climbed 156% YoY to Rs 114.83 crore. Cupid raised its FY27, FY28 and FY29 guidance, projecting revenues of Rs 880 crore and beyond, with net profits of Rs 275 crore and above for FY27, Rs 1,305 crore and above for FY28, and Rs 1,950 crore and above for FY29. The company also reported a strong H2 FY27 outlook, supported by additional manufacturing capacity and expansion in retail distribution. Promoters, FIIs, and mutual funds increased their holdings during the September 2026 quarter.
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- Cupid shares rally 8% after Q2 net profit jumps 133% YoY; company raises FY27-FY29 guidance economictimes.indiatimes.com
