Cochin Shipyard's Q2 FY 2025-26 Quarterly Results

Result Summary

• Cochin Shipyard Ltd reported a 11.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 0.1%.
• Its expenses for the quarter were up by 28.0% QoQ and 9.6% YoY.
• The net profit decreased 42.8% QoQ and decreased 43.1% YoY.
• The earnings per share (EPS) of Cochin Shipyard Ltd stood at 4.09 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 the shipbuilding and ship repair industry, based in India. The company is known for constructing a wide range of vessels, including tankers, bulk carriers, passenger vessels, and offshore structures, along with offering comprehensive ship repair services. As one of the largest shipbuilding facilities in India, Cochin Shipyard has been instrumental in catering to both domestic and international clients, contributing significantly to maritime logistics and defense sectors. While recent developments in the industry or specific to Cochin Shipyard are not detailed in the data provided, the company continues to uphold its reputation in the industry through its diverse product offerings and strategic projects.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Cochin Shipyard Ltd reported a total income of ₹1245.88 crores, showing an increase of 11.0% from the previous quarter (Q1FY26) where the total income was ₹1122.92 crores. Compared to the same quarter in the previous year (Q2FY25), the total income experienced a marginal growth of 0.1%, from ₹1244.34 crores. This steady performance indicates that the company has maintained its revenue levels year-over-year while achieving significant quarter-over-quarter growth. The data reflects Cochin Shipyard's ability to sustain its income amidst varying market conditions over the annual cycle.

Profitability

Profitability for Cochin Shipyard Ltd in Q2FY26 shows a decline compared to both the previous quarter and the same quarter of the previous fiscal year. The Profit Before Tax (PBT) for Q2FY26 was ₹149.91 crores, marking a decrease of 39.9% quarter-over-quarter from ₹249.54 crores in Q1FY26 and a 43.1% decrease year-over-year from ₹263.43 crores in Q2FY25. Similarly, the Profit After Tax (PAT) for Q2FY26 was ₹107.53 crores, down by 42.8% from the previous quarter's ₹187.83 crores and by 43.1% from ₹188.92 crores in Q2FY25. These figures suggest a considerable reduction in profitability metrics, which is further reflected in the Earnings Per Share (EPS) for Q2FY26, which stands at ₹4.09, compared to ₹7.14 in Q1FY26 and ₹7.18 in Q2FY25, indicating a decline of 42.7% quarter-over-quarter and 43.0% year-over-year.

Operating Metrics

The operating metrics of Cochin Shipyard Ltd for Q2FY26 reveal a notable increase in expenses alongside the revenue figures. Total expenses for the quarter amounted to ₹1075.42 crores, representing a 28.0% increase from Q1FY26's ₹840.47 crores, and a 9.6% increase compared to ₹980.92 crores in Q2FY25. This rise in expenses contrasts with the income and profitability trends noted earlier, suggesting an operational expansion or increased costs during the quarter. The tax outgo for Q2FY26 was ₹42.38 crores, which decreased by 31.3% from the previous quarter's ₹61.71 crores and by 43.1% from the same quarter last year when it was ₹74.50 crores. These operating metrics provide insight into the financial and operational adjustments the company has experienced during this period.