 "Goa Shipyard Ltd celebrates unprecedented success, doubling revenue to Rs 2,000 crore, with remarkable profits and a bright future ahead.")
Goa Shipyard Limited (GSL) has reported record revenue of Rs 1,753 crore for the fiscal year 2024, marking a remarkable 102 percent growth year-on-year. According to Chairman and Managing Director Brajesh Kumar Upadhyay, the company has surpassed its previous financial achievements in all areas, including a significant profit before tax increase of 78 percent, reaching Rs 365 crore. GSL’s order book is strong, totaling Rs 18,562 crore, ensuring stable revenue in the coming years. Additionally, earnings per share soared to Rs 23.31, up 76 percent from last year. The company declared total dividends of Rs 7 per share for FY24, up from Rs 62.86 crore last year. GSL, established in 1957, specializes in vessel design, construction, and modernization.
Goa Shipyard Limited (GSL) has announced a record-breaking revenue of Rs 1,753 crore for the fiscal year 2024, marking the highest revenue in its history. This impressive figure represents a remarkable 102 percent increase compared to the previous year, as shared by Brajesh Kumar Upadhyay, the Chairman and Managing Director of the company, during the 58th annual general meeting.
Under Upadhyay’s leadership, GSL has not only exceeded the Rs 2,000 crore mark in gross revenue for the first time but also reported a significant 78 percent rise in profit before tax, bringing it to Rs 365 crore. After-tax profits have grown substantially as well, registering at Rs 271 crore compared to Rs 155 crore last year.
The order book for GSL is robust, currently standing at Rs 18,562 crore, which offers a stable revenue outlook for the upcoming years. Furthermore, the earnings per share surged by 76 percent, climbing from Rs 13.28 to Rs 23.31 in FY24. The board also declared a final dividend of Rs 2 per share, in addition to an earlier interim dividend of Rs 5 per share, totaling a dividend outflow of Rs 81.48 crore, an increase from Rs 62.86 crore last year.
Established in 1957, Goa Shipyard Limited is a Defence Public Sector Undertaking (DPSU) that specializes in designing and constructing a variety of vessels, as well as vessel repair and modernization services.
Tags: Goa Shipyard Limited, record revenue, financial growth, annual general meeting, dividend declaration, Defence Public Sector Undertaking.
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What is the revenue of Goa Shipyard for FY24?
Goa Shipyard earned Rs 1,753 crore from its operations in the financial year 2024. -
How does this revenue compare to previous years?
This revenue shows an increase compared to earlier years, indicating good growth for the company. -
What factors contributed to this revenue increase?
The increase in revenue can be attributed to higher production, more contracts, and improved operational efficiency. -
Is Goa Shipyard a private or public company?
Goa Shipyard is a public sector company owned by the government of India. - What type of products does Goa Shipyard produce?
Goa Shipyard mainly builds ships and other naval vessels for the Indian Navy and Coast Guard.
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