Cochin Shipyard (COCHINSHIP) Q2 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for Q2 and H1 FY25 were approved, with strong year-over-year growth in revenue and profit.

• Interim dividend of ₹4 per share (80% of face value) declared, record date set for Nov 20, 2024.

• Board approved enabling resolution to raise up to $50 million via USD-denominated notes for sustainable projects.

Financial highlights

• Standalone Q2 FY25 revenue: ₹109,698 lakh, up from ₹95,420 lakh in Q2 FY24; H1 FY25 revenue: ₹180,682 lakh.

• Standalone Q2 FY25 net profit: ₹19,307 lakh, up from ₹19,100 lakh in Q2 FY24; H1 FY25 net profit: ₹37,392 lakh.

• Consolidated Q2 FY25 revenue: ₹114,320 lakh, up from ₹101,172 lakh in Q2 FY24; H1 FY25 revenue: ₹191,467 lakh.

• Consolidated Q2 FY25 net profit: ₹18,892 lakh, up from ₹18,153 lakh in Q2 FY24; H1 FY25 net profit: ₹36,316 lakh.

• Standalone EPS for Q2 FY25: ₹7.34; H1 FY25: ₹14.21.

• Consolidated EPS for Q2 FY25: ₹7.18; H1 FY25: ₹13.80.

Outlook and guidance

• Interim dividend to be paid on or before Dec 6, 2024.

• Fundraising via USD notes is subject to market conditions and regulatory approvals.