Cochin Shipyard Q1 Results Revenue Grows to 77,147.44 Lakhs with Profit at 17,423.54 Lakhs

Cochin Shipyard (CSL) has recently announced its financial results for the first quarter of the 2024-2025 fiscal year. For the quarter ending June 30, 2024, the company's total revenue from operations reached ₹77,147.44 lakhs, showing a significant increase compared to the previous year’s ₹47,586.30 lakhs.

This rise in revenue highlights CSL's strong performance in the shipbuilding and repair sector, with the company continuing to build a solid reputation for delivering high-quality vessels and services. In terms of profit, CSL reported ₹17,423.54 lakhs for the quarter, a notable improvement from ₹9,865.24 lakhs in the same period last year.

The company's total income also saw a boost, reaching ₹85,548.20 lakhs compared to ₹55,995.23 lakhs in the previous year. This positive financial outcome reflects CSL's successful efforts in expanding its operations and maintaining its leadership in the shipbuilding industry, driven by its extensive experience and robust performance across both its shipbuilding and repair services.

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Cochin Shipyard Q1 Results 2024 - 2025

Here is a summary of Cochin Shipyard's financial results for the first quarter of the 2024-2025 fiscal year:

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Cochin Shipyard Current Market Overview

Cochin Shipyard is currently trading at ₹2,399 per share, reflecting a significant market capitalization of ₹63,121 crores. The stock has fluctuated between a high of ₹2,979 and a low of ₹316 recently. With a price-to-earnings ratio of 71.4, it indicates that the stock is priced relatively high compared to its earnings.

The company offers a modest dividend yield of 0.30% and shows strong financial performance with a return on capital employed (ROCE) of 21.4% and a return on equity (ROE) of 17.2%.

Quarterly Results

The following table shows Cochin Shipyard's financial results for the last three quarters of 2023 and the first quarter of 2024:

About Cochin Shipyard

Cochin Shipyard (CSL) is a major shipbuilding and repair company based in India. Established in 1972, it is fully owned by the Government of India. CSL is known for its advanced shipbuilding capabilities and can construct and repair some of the largest ships in the country.

The company offers a range of services including building tankers, bulk carriers, and passenger vessels, as well as repairing and upgrading ships, particularly those used in defense and oil exploration. With facilities on both the east and west coasts of India, CSL has a strong reputation for quality and innovation in the maritime industry.