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Informist, Tuesday, Aug. 12, 2025

--Cochin Shipyard Apr-Jun net profit INR 1.88 bln vs INR 1.81 bln year ago 

--Cochin Shipyard Apr-Jun revenue INR 9.77 bln vs INR 7.10 bln year ago 

--Cochin Shipyard Apr-Jun operating margin 27% vs 35% year ago 

--Cochin Shipyard Q1 shipbuilding revenue INR 3.48 bln vs INR 4.65 bln yr ago 
--Cochin Shipyard Q1 ship repair revenue INR 6.30 bln vs INR 2.45 bln yr ago 

By Rizwan Ali

MUMBAI – Cochin Shipyard Ltd. Tuesday reported a mere 4% on-year increase in its net profit for the June quarter despite 38% growth in revenue from operations as expenses grew by an even steeper 43%. A fall in other income limited the growth in total income to 31%. A near threefold increase in sub-contracting expenses, a 61% increase in other expenses, and a sharp jump in provisions for anticipated losses and expenses took the total expenditure in absolute terms up almost as much as total income and this limited the increase in the net profit.

The shipbuilding and maintenance company reported a net profit of INR 1.88 billion for the June quarter, up 4% on year. The company beat the two estimates available for the net profit. Its revenue rose almost 38% on year to INR 9.77 billion, and outperformed the two estimates by a big margin. 

The total expenses of the company jumped 43% on year to INR 7.84 billion from INR 5.48 billion in the year-ago quarter. Other expenses rose 61% on year to INR 866 million. The sub-contracting and other expenses almost tripled to INR 2.37 billion from INR 999 million in the year-ago quarter. The cost of materials consumed rose over 4% to INR 2.87 billion and employee benefit expenses grew almost 6% to INR 1.01 billion for the quarter. 

Cochin Shipyard's revenue from the ship building segment fell more than 25% to INR 3.48 billion for the reporting quarter. However, revenue from ship repairs jumped more than twofold to INR 6.30 billion from INR 2.45 billion in the year-ago quarter. The company reported a net profit margin of 19%, down 600 bps from 25% in the year-ago quarter. Its operating margin also declined to 27% from 35% in the base quarter. 

Tuesday, shares of Cochin Shipyard ended at INR 1,667.20 on the National Stock Exchange, up slightly. The company announced its June quarter earnings post market hours.  End

Edited by Avishek Dutta

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