Goa Shipyard reports ₹4000 Cr revenue in FY 2025-26
State-run defence shipbuilder Goa Shipyard Limited (GSL) saw its total revenue, breaching the ₹4,000 crore threshold this fiscal year to reach ₹4,004 crore for the first time in the history of the shipyard. The surge was powered by a 32% increase in revenue from operations to ₹3,764 crore, driven by accelerated vessel deliveries to Indian Armed Forces and expanding international export orders. Speaking at the company’s annual general meeting, chairperson and managing director (CMD) Brajesh Kumar Upadhyay announced that GSL’s order book stood at over ₹13,000 crore as of March 31. The company is set to add significant revenue visibility in the coming years, with the order pipeline expected to expand to approximately ₹32,400 crore upon the formal signing of an upcoming high-value naval contract, he said.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to ₹522 crore from ₹460 crore in FY 2024-25, while profit before tax (PBT) grew 17% year-on-year to ₹442 crore. Driven by sustained profitability, the shipbuilder’s net worth reached an all-time high of ₹1,936 crore.
On the operational front, the shipyard launched the first next-generation offshore patrol vessel (NGOPV) for the Indian Navy on March 3 alongside ongoing work on advanced stealth frigates. Key milestones for the Indian Coast Guard included the delivery of the first pollution control vessel, ICGS Samudra Pratap, on Dec 23 and the sequential delivery of six fast patrol vessels between June 2025 and Aug 2026
Admin
September 29, 2026