Shares of Cochin Shipyard Ltd rose 2% to a day’s high of Rs 1,940 on 18th September after the company announced on Wednesday (17th September) that it had signed a contract with Oil and Natural Gas Corporation Limited (ONGC) for dry dock and major lay-up repairs of one of its jack-up rigs. The order, valued at around Rs 200 crore, is expected to be completed within 12 months.

Cochin Shipyard said the project is not a related-party transaction, and none of its promoter group companies have any interest in ONGC.

Cochin Shipyard Q1 Results

For the quarter ended June 2025, CSL posted a strong performance. Net profit rose 7.9% year-over-year to Rs 187.8 crore from Rs 174 crore. Revenue jumped 38.5% to Rs 1,068 crore from Rs 771.5 crore.

Operating EBITDA climbed 35.7% to Rs 241.3 crore from Rs 177.8 crore, though margins slipped slightly to 22.5% from 23%.

At 12:05 PM, the shares of Cochin Shipyard were trading 1.02% higher at Rs 1,909.70 on NSE.

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