SCI profit jumps 205% as GRSE profit rises 12%
In short
Shipping Corporation of India said its Q2 FY27 net profit rose 205% to ₹577.76 crore. Garden Reach Shipbuilders & Engineers reported a 12% profit rise to ₹172 crore.
The report says both PSU stocks have rallied recently, with analysts pointing to recovery signs in SCI and possible fresh entry in GRSE.
What the reporting says
Shipping Corporation of India reported Q2 FY27 net profit of ₹577.76 crore, up 205%, while Garden Reach Shipbuilders & Engineers posted profit of ₹172 crore, up 12%, according to a publisher-supplied market brief. The report also says both PSU stocks have rallied recently, with analysts citing recovery signals in SCI and possible fresh-entry opportunities in GRSE. The moves put maritime PSU stocks back in focus.
Why it matters
Shipping Corporation of India and Garden Reach Shipbuilders & Engineers both reported stronger Q2 FY27 profits, with SCI at ₹577.76 crore, up 205%, and GRSE at ₹172 crore, up 12%, per the market brief. The report links the results to recent stock rallies and says analysts see recovery signals in SCI and fresh-entry potential in GRSE. The market reaction makes this relevant for maritime PSU investors.