GRSE vs HAL vs BDL: As the corporate earnings season nears its conclusion, recent earnings have put spotlight on three major defence Public Sector Undertakings (PSUs). Garden Reach Shipbuilders & Engineers (GRSE) reported a 12% year-on-year (YoY) increase in consolidated net profit for the second quarter of the financial year 2026-27.
Hindustan Aeronautics Limited (HAL) posted a 16% annual surge in net profit, while Bharat Dynamics Limited (BDL) reported a 15% decline in net profit.
With all three stocks ending lower on Friday, November 13, 2026, here's a comparison of their Q2 results and technical outlook for GRSE, BDL and HAL.
The warship-building PSU, GRSE, reported a 12% annual increase in its net profit to ₹172 crore for the second quarter of financial year 2026-27. Its net profit was driven by higher revenue from operations. Its net profit stood at ₹154 crore in the year ago period.
The state run aerospace and defence company, HAL, reported a net profit of ₹1,936 crore for the second quarter of FY27, against ₹1,669 crore in the corresponding quarter of FY26. The Bengaluru-based aerospace major witnessed higher revenue and project deliveries during the quarter under review.