Cochin Shipyard bags ₹200 crore order with ONGC; check details here

Cochin Shipyard bagged an order worth ₹200 crore on Wednesday, September 17, for dry dock or major lay-up repairs of jack-up rigs.

The contract was signed with Oil and Natural Gas Corporation Limited (ONGC), the shipbuilding company said in a regulatory filing.

The project will be executed within 12 months, it added.

In July, the defence firm signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE), setting the stage for long-term collaboration across critical segments of shipbuilding and maritime development.

Cochin Shipyard stock closed 3.48% higher at ₹1,885.00 per equity share on the National Stock Exchange (NSE) on Wednesday. However, the announcement was made after the market closed.

The share advanced 15.98% over the week and 29.92% over a period of six months. On a year-to-date basis, it gained 21.31%.

While the scrip reached a 52-week high of ₹2,545 crore on June 6, 2025, it touched a year’s low of ₹1,180.20 on February 18, 2025. Cochin Shipyard has a total market capitalisation of ₹49,590.73 crore, as of September 17, 2025, according to data on the NSE.

Cochin Shipyard Q1 earnings

The firm reported an 8% year-on-year (YoY) surge in its net profit to ₹188 crore in the June quarter of the 2025-26 financial year (Q1FY26), compared to ₹174 crore in the same period last year.

Its revenue from operations grew 39% YoY to ₹1,069 crore during the reporting quarter, as against ₹771 crore in the first quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹242 crore in Q1FY26, marking a jump of 37% YoY from ₹177 crore in the June quarter of the previous fiscal year.

Cochin Shipyard is a leading player in the construction of all kinds of vessels and repairs and refits of all types of vessels, including periodic upgrades and life extensions of ships. The defence PSU has exported some 45 ships to various clients outside India.