Cochin Shipyard Limited (CSL) has delivered a strong performance in the first quarter, demonstrating significant growth and a healthy order book. The company's financial results and strategic developments paint a picture of resilience and expansion in both domestic and international markets.

Financial Highlights

Cochin Shipyard reported impressive financial results for Q1:

• Consolidated revenue increased by 38% year-on-year to Rs 1,068.59 crores
• Profit after tax (PAT) grew by 4% to Rs 187.83 crores
• Earnings per share (EPS) stood at Rs 7.14, up 4% from the previous year
• EBITDA margin was 28%, compared to 37% in the same quarter last year

Segment Performance

The company's performance was marked by contrasting results in its two main segments:

• Ship repair segment: Witnessed extraordinary growth of 157%, reaching Rs 629.62 crores
• Shipbuilding segment: Experienced a slight decline of 5.6%, with revenue of Rs 438.97 crores

Order Book and Pipeline

Cochin Shipyard maintains a strong position in the market with a substantial order book:

• Total order book stands at Rs 19,600 crores, covering 75 vessels
• Defence orders account for Rs 13,700 crores (70% of the order book)
• Commercial orders amount to Rs 5,900 crores (30% of the order book)

The company also boasts an impressive order pipeline of Rs 2,85,000 crores, with 77% from defence and 23% from commercial segments.

Strategic Developments

During the quarter, CSL made significant strides in expanding its business and capabilities:

New Orders

• Secured contracts for power tugs from Polestar Maritime Limited
• Received an order for a luxury river cruise vessel from Heritage River Journeys Private Limited

Deliveries

• Delivered the 19th electric hybrid water metro boat to Kochi Metro

Strategic Partnerships

• Signed a Memorandum of Understanding (MoU) with HD KSOE of South Korea to explore new shipbuilding opportunities and share technical expertise
• Entered into a strategic partnership with Drydocks World of UAE to explore joint development of world-class ship repair clusters in Kochi and Vadinar

Infrastructure Enhancement

Cochin Shipyard has significantly upgraded its facilities:

• New ship repair infrastructure capable of handling vessels up to 130 meters in length
• Increased capacity to repair 82 ships annually
• Completed capex projects including a new dry dock for building and repairing large vessels, including Suezmax/Capesize ships and aircraft carriers

Outlook

With its strong financial performance, robust order book, and strategic partnerships, Cochin Shipyard appears well-positioned for continued growth. The company's focus on both defence and commercial segments, along with its infrastructure investments, suggests a balanced approach to capitalizing on opportunities in the shipbuilding and repair markets.

Cochin Shipyard Limited (CSL) has initiated a 100-day special outreach program called 'Saksham Niveshak' to help shareholders update their records and claim unpaid dividends. The campaign, running from July 28 to November 6, 2025, aims to prevent the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF).

Key Objectives of the Campaign

The 'Saksham Niveshak' initiative focuses on two primary goals:

1. Updating shareholder KYC details, including:

   • Bank account mandates
   • Nominee registration
   • Contact information (email, mobile number, address)

2. Facilitating the claim of unpaid or unclaimed dividends

Background and Importance

The campaign was launched in response to a letter from the Investor Education and Protection Fund Authority, Ministry of Corporate Affairs, dated July 16, 2025. It underscores the importance of maintaining up-to-date shareholder records and preventing the transfer of unclaimed assets to the IEPF.

Action Required from Shareholders

Shareholders with unclaimed dividends are advised to take prompt action by contacting:

• MUFG Intime India Private Limited (CSL's registrar)
• Utilizing the SWAYAM portal

Critical Advisory

Cochin Shipyard has issued a crucial reminder: dividends unclaimed for seven consecutive years, along with the corresponding shares, are liable to be transferred to the IEPF. This emphasizes the urgency for shareholders to review and update their records.

Campaign Duration

The 'Saksham Niveshak' campaign will run for 100 days, from July 28 to November 6, 2025, providing ample time for shareholders to take necessary actions.

Importance of Compliance

By launching this initiative, Cochin Shipyard demonstrates its commitment to shareholder welfare and regulatory compliance. The campaign serves as a proactive measure to ensure that shareholders retain their rightful assets and remain compliant with statutory requirements.

Shareholders are strongly encouraged to participate in the 'Saksham Niveshak' campaign to safeguard their investments and ensure smooth communication with the company.