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Cochin Shipyard Q1 Results Revenue Grows to 77,147.44 Lakhs with Profit at 17,423.54 Lakhs
Cochin Shipyard Q1 Results: The company announced a significant revenue increase to ₹77,147.44 lakhs and a profit of ₹17,423.54 lakhs for the quarter ending June 30, 2024.
by P Nandhini
Updated Aug 09, 2024
Table of Content
Cochin Shipyard (CSL) has recently announced its financial results for the first quarter of the 2024-2025 fiscal year. For the quarter ending June 30, 2024, the company's total revenue from operations reached ₹77,147.44 lakhs, showing a significant increase compared to the previous year’s ₹47,586.30 lakhs.
This rise in revenue highlights CSL's strong performance in the shipbuilding and repair sector, with the company continuing to build a solid reputation for delivering high-quality vessels and services. In terms of profit, CSL reported ₹17,423.54 lakhs for the quarter, a notable improvement from ₹9,865.24 lakhs in the same period last year.
The company's total income also saw a boost, reaching ₹85,548.20 lakhs compared to ₹55,995.23 lakhs in the previous year. This positive financial outcome reflects CSL's successful efforts in expanding its operations and maintaining its leadership in the shipbuilding industry, driven by its extensive experience and robust performance across both its shipbuilding and repair services.
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Cochin Shipyard Q1 Results 2024 - 2025
Here is a summary of Cochin Shipyard's financial results for the first quarter of the 2024-2025 fiscal year:
| Particulars | Quarter Ended 30-Jun-24 | Year Ended 31-Mar-24 | Quarter Ended 30-Jun-23 | Year Ended 31-Mar-24 |
|---|---|---|---|---|
| Revenue from Operations | ₹77,147.44 lakhs | ₹1,28,604.90 lakhs | ₹47,586.30 lakhs | ₹3,83,045.42 lakhs |
| Total Income | ₹85,548.20 lakhs | ₹1,36,616.75 lakhs | ₹55,995.23 lakhs | ₹4,14,063.51 lakhs |
| Profit Before Tax | ₹23,582.14 lakhs | ₹34,232.25 lakhs | ₹13,736.38 lakhs | ₹1,07,093.76 lakhs |
| Profit for the Period | ₹17,423.54 lakhs | ₹25,888.10 lakhs | ₹9,865.24 lakhs | ₹78,327.78 lakhs |
| Earnings Per Share (Basic) | ₹6.62 | ₹9.84 | ₹3.75 | ₹29.77 |
| Total Comprehensive Income | ₹18,088.79 lakhs | ₹28,169.63 lakhs | ₹11,307.88 lakhs | ₹81,246.36 lakhs |
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Cochin Shipyard Current Market Overview
Cochin Shipyard is currently trading at ₹2,399 per share, reflecting a significant market capitalization of ₹63,121 crores. The stock has fluctuated between a high of ₹2,979 and a low of ₹316 recently. With a price-to-earnings ratio of 71.4, it indicates that the stock is priced relatively high compared to its earnings.
The company offers a modest dividend yield of 0.30% and shows strong financial performance with a return on capital employed (ROCE) of 21.4% and a return on equity (ROE) of 17.2%.
| Metric | Value |
|---|---|
| Current Price | ₹2,399 |
| Market Cap | ₹63,121 Crores |
| High / Low | ₹2,979 / ₹316 |
| Stock P/E Ratio | 71.4 |
| Book Value | ₹191 |
| Dividend Yield | 0.30% |
| ROCE | 21.4% |
| ROE | 17.2% |
| Face Value | ₹5.00 |
Quarterly Results
The following table shows Cochin Shipyard's financial results for the last three quarters of 2023 and the first quarter of 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ lakhs) | 1,021 | 1,225 | 710 |
| Expenses (₹ lakhs) | 710 | 939 | 527 |
| Operating Profit (₹ lakhs) | 311 | 286 | 182 |
| Operating Profit Margin (OPM) | 30% | 23% | 26% |
| Other Income (₹ lakhs) | 56 | 79 | 80 |
| Interest (₹ lakhs) | 8 | 6 | 6 |
| Depreciation (₹ lakhs) | 15 | 14 | 14 |
| Profit Before Tax (₹ lakhs) | 345 | 345 | 242 |
| Tax Expense (%) | 28% | 23% | 25% |
| Net Profit (₹ lakhs) | 248 | 265 | 181 |
| Earnings Per Share (EPS) (₹) | 9.43 | 10.06 | 6.87 |
About Cochin Shipyard
Cochin Shipyard (CSL) is a major shipbuilding and repair company based in India. Established in 1972, it is fully owned by the Government of India. CSL is known for its advanced shipbuilding capabilities and can construct and repair some of the largest ships in the country.
The company offers a range of services including building tankers, bulk carriers, and passenger vessels, as well as repairing and upgrading ships, particularly those used in defense and oil exploration. With facilities on both the east and west coasts of India, CSL has a strong reputation for quality and innovation in the maritime industry.
Cochin Shipyard Q1 Results - FAQs
1. When did Cochin Shipyard announce its Q1 results for 2024-2025?
Cochin Shipyard announced its Q1 results for the fiscal year 2024-2025 on August 8, 2024.
2. What was the revenue from operations for Cochin Shipyard in Q1 2024?
Cochin Shipyard's revenue from operations for Q1 2024 was ₹77,147.44 lakhs.
3. How much did Cochin Shipyard earn in profit for the quarter ending June 30, 2024?
Cochin Shipyardearned ₹17,423.54 lakhs in profit for the quarter ending June 30, 2024.
4. What was the total income of Cochin Shipyard for Q1 2024?
The total income of Cochin Shipyardfor Q1 2024 was ₹85,548.20 lakhs.
5. How does the Q1 2024 revenue compare to Q1 2023 for Cochin Shipyard?
Cochin Shipyard's Q1 2024 revenue was ₹77,147.44 lakhs, up from ₹47,586.30 lakhs in Q1 2023.
6. What was Cochin Shipyard's profit before tax in Q1 2024?
Cochin Shipyard's profit before tax in Q1 2024 was ₹23,582.14 lakhs.
7. How much did Cochin Shipyard report in earnings per share for Q1 2024?
Cochin Shipyardreported earnings per share of ₹6.62 for Q1 2024.
8. What was the total income for Cochin Shipyard in the fiscal year ending March 31, 2024?
Cochin Shipyard's total income for the fiscal year ending March 31, 2024, was ₹1,36,616.75 lakhs.
9. What was the revenue from operations for Cochin Shipyard in Q1 2023?
The revenue from operations for Cochin Shipyardin Q1 2023 was ₹47,586.30 lakhs.