Goa Shipyard posts record revenue, targets highest-ever order book

Goa Shipyard reports record revenue, eyes Rs 34,000 crore order book.

Expert Analysis:

• Record Financial Performance: Goa Shipyard Ltd achieved its strongest-ever results in FY 2024-25, with revenue up 53% to Rs 3,190 crore and production value up 71% to Rs 2,801 crore.

• Robust Order Book: The company’s order book crossed Rs 16,000 crore as of April 1, driven by projects for the Indian Navy, Coast Guard, and overseas clients.

• Upcoming Mega Contract: GSL is in final talks for a Rs 18,000 crore Navy corvette deal that could lift its order book to nearly Rs 34,000 crore, ensuring revenue visibility through FY 2031-32.

• Strong Profitability: Profit before tax stood at Rs 379 crore, profit after tax at Rs 288 crore, and EPS rose to Rs 24.8, supported by export growth.

• Dividend Payout: The board declared a final dividend of Re 1 per share, taking the total payout to Rs 7.7 per share, equal to 153% of paid-up capital.

• Innovation and Outlook: In-house designs for multiple vessel types were completed, with a focus on AI-driven technologies, and sustained revenue growth is expected from defence orders and selective commercial projects.