Goa Shipyard Limited (GSL), a Government of India undertaking under the Ministry of Defence, reported a sharp rise in financial performance for FY2025-26, with total revenue crossing the ₹4,000-crore mark and its order book exceeding ₹13,000 crore.
The figures were presented at the company's 60th Annual General Meeting held on September 25, where audited financial statements for FY2025-26 were adopted.
Editorial Insight
Key Highlights
Important points readers should notice.
Issue/Event: Goa Shipyard reported FY2025-26 financial results.
Location: Goa.
Authority/Organisation: Goa Shipyard Limited, Ministry of Defence.
Action Taken: Audited financial statements adopted at the 60th AGM.
Impact: Revenue reached ₹4,004 crore and order book exceeded ₹13,000 crore.
GSL's total revenue stood at ₹4,004 crore during the financial year, while revenue from operations increased 32% to ₹3,764 crore. Profit Before Tax rose 17% to ₹442 crore. EBITDA stood at ₹522 crore and the company's net worth reached ₹1,936 crore.
The shipyard's order book, representing the value of work in hand, stood at more than ₹13,000 crore as of March 31, 2026. GSL said a recently signed high-value contract with the Indian Navy is expected to take the order book to approximately ₹32,400 crore, providing greater visibility for future shipbuilding activity.
The company's financial growth has been significant over the past five years. Total revenue increased from ₹865 crore in FY2021-22 to ₹4,004 crore in FY2025-26, while Profit Before Tax rose from ₹135 crore to ₹442 crore over the same period.
Editorial Analysis
Why This Matters
The financial performance comes as India's domestic shipbuilding sector continues to handle larger defence and maritime programmes. GSL's expanding order pipeline provides visibility for future shipbuilding work, while the company is also pursuing greater indigenous content and export opportunities.
GSL was also elevated from Schedule B to Schedule A Central Public Sector Enterprise status on March 2, 2026.
