Cochin Shipyard's Q1 FY 2025-26 Quarterly Results

Result Summary

• Cochin Shipyard Ltd reported a 17.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 31.3%.
• Its expenses for the quarter were down by 17.9% QoQ and up 35.6% YoY.
• The net profit decreased 27.4% QoQ and increased 7.8% YoY.
• The earnings per share (EPS) of Cochin Shipyard Ltd stood at 7.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Cochin Shipyard Ltd is a prominent player in India's maritime industry, primarily engaged in shipbuilding and ship repair. It is known for constructing large vessels and providing repair services for ships, including commercial and naval vessels. The company operates in a highly specialized sector, crucial for both defense and commercial maritime purposes. It has been involved in various significant projects, contributing to both domestic and international marine infrastructure. Recent developments in the industry may include advancements in technology and strategic partnerships, but specific details about Cochin Shipyard's recent activities beyond this are not available from the provided data.

Revenue

In Q1FY26, Cochin Shipyard Ltd reported a total income of ₹1122.92 crores, marking a decrease of 17.8% from the previous quarter (Q4FY25) where the total income was ₹1366.17 crores. However, when compared to the same quarter of the previous fiscal year (Q1FY25), there was a notable increase of 31.3%, from ₹855.48 crores. This year-over-year growth suggests an upward trend in revenue performance over the longer period observed, despite the quarterly decline. The fluctuation in revenue can reflect various factors including the timing of project deliveries and market demand.

Profitability

The profitability metrics for Cochin Shipyard Ltd in Q1FY26 show a profit before tax (PBT) of ₹249.54 crores, which is a decline of 27.1% compared to the previous quarter (Q4FY25), where the PBT was ₹342.32 crores. On a year-over-year basis, there was a modest increase of 5.8% from ₹235.82 crores in Q1FY25. The profit after tax (PAT) for Q1FY26 was ₹187.83 crores, decreasing by 27.4% from Q4FY25's ₹258.88 crores, but increasing by 7.8% compared to Q1FY25's ₹174.24 crores. These changes in profitability could be indicative of variations in operational efficiency or cost management over the periods analyzed.

Operating Metrics

The operating expenses for Cochin Shipyard Ltd in Q1FY26 were ₹840.47 crores, showing a reduction of 17.9% from Q4FY25's expenses of ₹1023.84 crores. Compared to Q1FY25, where expenses were ₹619.66 crores, there was a significant year-over-year increase of 35.6%. Earnings per share (EPS) in Q1FY26 were ₹7.10, down 27.6% from ₹9.80 in Q4FY25, and up 7.6% from ₹6.60 in Q1FY25. The tax expense for Q1FY26 was ₹61.71 crores, which decreased by 26.0% from the previous quarter and showed a slight increase of 0.2% year-over-year. These metrics highlight the cost dynamics and shareholder returns across different reporting periods.