Cochin Shipyard share price jumps over 7% as firm secures L1 status in ₹5,000 crore defence tender; check details

In its filing to stock exchanges, Cochin Shipyard said that at the meeting held Monday at the Ministry of Defence, New Delhi, Cochin Shipyard Limited (CSL) has been declared as L1 in the tender floated by the Ministry of Defence for the construction of 5 nos. of Next Generation Survey Vessels (NGSV) for the Indian Navy.

The estimated total order value is around ₹5,000 crore.

The company added that the final announcement of the contract will be subject to the satisfactory completion of necessary formalities in this regard, which will be updated in due course.

About Cochin Shipyard

Cochin Shipyard Limited (CSL) was incorporated in 1972 as a fully owned Government of India company. In the last five decades, the company has emerged as a forerunner in the Indian shipbuilding & ship repair industry and also a well-known player on the global shipbuilding front.

CSL was granted the status of Category I Miniratna Company in July 2008.

CSL had successfully completed its initial public offering (IPO) in 2017 and a buyback in 2018. The equity shares of CSL are listed on the BSE and NSE.

According to the latest shareholding pattern, the Government of India owns a 67.91% stake in the company.

According to reports, Cochin Shipyard reported an 18.3% decline in consolidated net profit to ₹144.67 crore on a 17.7% rise in revenue from operations to ₹1,350.41 crore in Q3 FY26 over Q3 FY25.

Profit before tax (PBT) declined 18.6% YoY to ₹196.78 crore in Q3 FY26, compared with ₹241.86 crore in the corresponding quarter last year. Total expenses jumped 28.52% YoY to ₹1,224.77 crore during the quarter. The cost of materials consumed was at ₹596.80 crore (up 16.31% YoY), while employee benefits expenses stood at ₹123.32 crore (up 19.54% YoY) during the period under review.

On the segmental front, revenue from shipbuilding stood at ₹1,013.12 crore (up 56.49% YoY), while revenue from ship repair stood at ₹337.29 crore (down 32.57% YoY) during the quarter.

Meanwhile, the company declared a second interim dividend of ₹3.50 per equity share for FY26, with February 3, 2026, set as the record date.

The dividend will be paid on or before February 26, 2026.