Shares of Cochin Shipyard Ltd rose 2% to a day’s excessive of Rs 1,940 on 18th September after the corporate introduced on Wednesday (seventeenth September) that it had signed a contract with Oil and Pure Fuel Company Restricted (ONGC) for dry dock and main lay-up repairs of certainly one of its jack-up rigs. The order, valued at round Rs 200 crore, is anticipated to be accomplished inside 12 months.
Cochin Shipyard stated the venture isn’t a related-party transaction, and none of its promoter group firms have any curiosity in ONGC.
Cochin Shipyard Q1 Outcomes
For the quarter ended June 2025, CSL posted a powerful efficiency. Internet revenue rose 7.9% year-over-year to Rs 187.8 crore from Rs 174 crore. Income jumped 38.5% to Rs 1,068 crore from Rs 771.5 crore.
Working EBITDA climbed 35.7% to Rs 241.3 crore from Rs 177.8 crore, although margins slipped barely to 22.5% from 23%.
At 12:05 PM, the shares of Cochin Shipyard have been buying and selling 1.02% greater at Rs 1,909.70 on NSE.
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