Cochin Shipyard (COCHINSHIP) Q1 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter ended June 30, 2024, were approved by the Board on August 8, 2024.

• Both standalone and consolidated results show strong profitability and margins compared to the same quarter last year.

Financial highlights

• Standalone revenue from operations was ₹70,984.23 lakhs, up from ₹44,414.45 lakhs year-over-year; total income reached ₹78,998.56 lakhs.

• Standalone net profit for the quarter was ₹18,084.61 lakhs, up from ₹10,941.34 lakhs year-over-year.

• Consolidated revenue from operations was ₹77,147.44 lakhs, up from ₹47,586.30 lakhs year-over-year; consolidated net profit was ₹17,423.54 lakhs, up from ₹9,865.24 lakhs year-over-year.

• Standalone EPS for the quarter was ₹6.87, and consolidated EPS was ₹6.62.

Outlook and guidance

• Board and management reaffirmed compliance with accounting standards and regulatory requirements.