Cochin Shipyard (COCHINSHIP) Q3 24/25 earnings summary

Executive summary

• Revenue from operations for the quarter ended December 31, 2024, was ₹114,763.55 lakhs (consolidated), up from ₹105,639.81 lakhs year-over-year.

• Profit after tax for the quarter was ₹17,699.00 lakhs (consolidated), compared to ₹24,437.98 lakhs in the same quarter last year.

• The Board recommended an interim dividend of ₹3.50 per share, in addition to ₹4.00 per share declared earlier in the year.

Financial highlights

• Total consolidated income for the quarter was ₹119,441.91 lakhs, up from ₹111,411.06 lakhs year-over-year.

• Consolidated EBITDA and operating margins remained strong, with an operating margin of 22% for the quarter.

• Basic and diluted EPS for the quarter were ₹6.73, compared to ₹9.29 in the same quarter last year.

• Net profit margin for the quarter was 15% (consolidated), down from 23% year-over-year.

Outlook and guidance

• The company continues to maintain a AAA credit rating and robust asset coverage for its listed debentures.

• Management highlighted ongoing capitalisation of the ISRF project and expects final adjustments post-completion.