Cochin Shipyard's Q4 results led to a 13% surge in share price, reaching a nine-month high. Net profit increased by 11% to ₹287.19 crore, while revenue grew by 36.6% to ₹1,757.65 crore. However, EBITDA margin contracted to 15.1% from 22.5% year-over-year. The market responded positively despite mixed financial performance and missed analyst expectations.
15May 25
Cochin Shipyard Reports 11% Profit Rise in Q4, Declares Dividend
Cochin Shipyard Limited announced impressive Q4 FY2023 results with revenue up 36.70% to ₹1,757.65 crore and net profit up 11% to ₹287.18 crore year-over-year. The company declared a dividend of ₹2.25 per share. With an order book of ₹22,500 crore providing 5-year revenue visibility, Cochin Shipyard's stock surged 26% in the five trading sessions prior to the announcement, reflecting strong investor confidence.
15May 25
Cochin Shipyard Addresses Speculation on Rs 10,000 Crore Project with HD Hyundai
Cochin Shipyard Limited has issued a clarification regarding media speculation about a potential Rs 10,000 crore project with HD Hyundai. The company stated that while it is exploring strategic partnerships aligned with India's Maritime Vision 2030 and 2047, no concrete agreements have been finalized. Cochin Shipyard is actively seeking opportunities to enhance its capabilities and contribute to India's maritime sector growth, but emphasized that the reported collaboration is not confirmed at this time.
14May 25
Cochin Shipyard Clarifies Stance on Rumored Rs 10,000 Crore Project with HD Hyundai
Cochin Shipyard Ltd. has issued a statement addressing media speculation about a potential Rs 10,000 crore collaboration with South Korean company HD Hyundai. The company clarified that while it is exploring strategic partnerships aligned with India's Maritime Vision 2030 and 2047, no concrete agreements have been finalized. Cochin Shipyard emphasized its ongoing efforts to forge strategic alliances to enhance India's maritime capabilities and competitiveness in the global shipbuilding industry.
13May 25
Cochin Shipyard: Q4 FY25 Results Announcement and Strategic Partnership with Drydocks World
Cochin Shipyard Limited (CSL) has set May 15, 2025, for its Q4 and FY25 results announcement, including final dividend considerations. Simultaneously, CSL has partnered with Drydocks World to develop ship repair clusters across India, aiming to enhance the country's maritime capabilities, infrastructure, and global competitiveness in the ship repair sector.
Cochin Shipyard Inks Strategic MoU with Drydocks World to Boost Ship Repair Capabilities
Cochin Shipyard Limited (CSL) has signed an MoU with Drydocks World to develop ship repair clusters along India's coastline. The partnership aims to establish world-class maintenance and repair facilities in Kochi and Vadinar, enhance capabilities at major ports, and expand into offshore fabrication and marine engineering. This collaboration aligns with India's Maritime Vision 2030 and is expected to modernize maritime infrastructure, expand the ship repair industry, create jobs, and strengthen India's position in maritime engineering.
26Feb 25
Cochin Shipyard Kicks Off Construction of Advanced Service Operation Vessel for UK's North Star Shipping
Cochin Shipyard Limited (CSL) has started the steel cutting process for a Service Operation Vessel (SOV) ordered by North Star Shipping, a UK-based offshore support vessel operator. This marks the beginning of construction for this specialized vessel designed to support offshore wind farm operations. The project showcases CSL's international capabilities and aligns the company with the growing offshore wind energy sector. SOVs are crucial for providing accommodation, maintenance support, and safe personnel transfer in offshore wind farms.