Miniratna Defence stock engaged in shipbuilding, ship servicing/repair, marine engineering, and many more jumped 8 percent in the day’s trade upon posting its Q1FY25 results with a 40 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 63,180 Crores, the shares of Cochin Shipyard Limited were trading at Rs. 2,390 per equity share, up 3.38 percent from its previous day’s close price at Rs. 2,311.80.
Q1FY25 Results
Its Revenue from operations grew by 62 percent YoY from Rs. 475.86 Crores in Q1FY24 to Rs. 771.47 Crores in Q1FY25 and it declined by 40 percent QoQ from Rs. 1,286.04 Crores in Q4FY24 to Rs. 771.47 Crores in Q1FY25.
Its Net Profit grew by 40 percent YoY from Rs. 98.65 Crores in Q1FY24 to Rs. 174.24 Crores in Q1FY25 and declined by 32 percent QoQ from Rs. 258.88 Crores in Q4FY24 to Rs. 174.24 Crores in Q1FY25. Its Net Profit Margin increased from 17.61 percent in Q1FY24 to 20.36 percent in Q1FY25.
Coming to the segmental the revenue from the shipbuilding grew by 61% YoY and declined by 46% QoQ, and revenue from ship repairs grew by 63% YoY and declined by 19% YoY.
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About the Company
Cochin Shipyard Limited is engaged in the business of shipbuilding, ship servicing/repair, marine engineering, and providing training, strategic, and advanced solutions. I
As of FY24 Cochin Shipyard Limited has reported a strong order book of ~Rs. 22,000 Crores, the order book breakup consists of Defence work orders 73 percent, Commercial Export orders 17 percent, Commercial Domestic orders 6 percent, and 4 percent from its subsidiaries.
It has a global presence and has delivered its vessels to various countries like USA, Germany, Netherlands, Norway, Denmark, and the Middle East.
The Key Shipbuilding clients of the Cochin shipyard on the domestic front include the Indian Navy, the Indian Coast Guard, the Ministry of Home Affairs, the Shipping Corporation of India Limited, Lakshadweep Government, various Port Trusts, and many More.
Written by: Bharath K.S
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