Cochin Shipyard shares rise nearly 3% after signing contract with ONGC; check details

At 9:21 am, the stock was trading 1.93% higher at ₹1,927.70 apiece.

The surge in the share price comes after the company signed a contract with the Oil and Natural Gas Corporation (ONGC) on September 17, 2025.

The deal covers dry dock and major lay-up repairs for one of ONGC’s jack-up rigs, with an estimated value of around ₹200 crore and an anticipated duration of about 12 months.

No further details on operational scheduling or subcontracting were provided in the company statement.

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.

In the last five trading sessions, shares of Cochin Shipyard have advanced 17.11%. In the last month, the scrip rose 12.08%. The stock has given exceptional returns to its long-term investors as it zoomed 43.90% in the last six months.

The stock touched its 52 week high of ₹2,545.00 on June 6, 2025 and its 52 week low of ₹1,180.20 on February 18, 2025. The company’s market capitalisation stands at ₹50,903.50 crore as recorded on September 18, 2025 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.