Cochin Shipyard News and Updates

Marine Port & Services company Cochin Shipyard announced Q1FY27 results Consolidated Financial Highlights: Total Income: The company reported a Total Income of Rs 1,16,125.05 lakh in Q1FY27, representing a YoY increase of 3.41% compared to Rs 1,12,292.49 lakh in Q1FY26. On a QoQ basis, Total Income decreased by 29.25% from Rs 1,64,133.42 lakh in Q4FY26. For the full year ended FY26, Total Income was Rs 5,43,169.37 lakh. Revenue from Operations: Revenue for Q1FY27 stood at Rs 1,09,421.43 lakh, a YoY growth of 2.40% over Rs 1,06,859.48 lakh in Q1FY26. It saw a QoQ decline of 26.28% compared to Rs 1,48,427.81 lakh in Q4FY26. Net Profit: Consolidated Net Profit for Q1FY27 was Rs 15,145.36 lakh, a YoY decrease of 19.37% from Rs 18,782.88 lakh in Q1FY26. On a QoQ basis, Net Profit declined by 45.22% from Rs 27,648.44 lakh in Q4FY26. The full-year FY26 Net Profit stood at Rs 71,673.95 lakh. Total Comprehensive Income: This reached Rs 16,984.75 lakh in Q1FY27, compared to Rs 9,254.12 lakh in Q1FY26 and Rs 20,979.17 lakh in Q4FY26. Earnings Per Share (EPS): Basic and Diluted EPS for Q1FY27 was Rs 5.76, compared to Rs 7.14 in Q1FY26 and Rs 10.51 in Q4FY26. Standalone Financial Highlights: Total Income: Standalone Total Income for Q1FY27 was Rs 98,233.90 lakh, a YoY decrease of 4.83% from Rs 1,03,221.24 lakh in Q1FY26 and a QoQ decrease of 27.93% from Rs 1,36,303.97 lakh in Q4FY26. The annual Total Income for FY26 was Rs 4,71,226.27 lakh. Revenue from Operations: Standalone revenue in Q1FY27 was Rs 90,991.85 lakh, down 6.91% YoY from Rs 97,742.41 lakh in Q1FY26 and down 25.02% QoQ from Rs 1,21,359.83 lakh in Q4FY26. Net Profit: Standalone Net Profit for the quarter was Rs 13,579.57 lakh, a YoY decline of 27.72% from Rs 18,786.36 lakh in Q1FY26. On a QoQ basis, profit decreased by 37.25% from Rs 21,640.16 lakh in Q4FY26. The full-year FY26 Net Profit was Rs 64,304.34 lakh. Earnings Per Share (EPS): Basic and Diluted Standalone EPS for Q1FY27 was Rs 5.16, compared to Rs 7.14 in Q1FY26 and Rs 8.23 in Q4FY26. Business Highlights: Segment-wise Performance (Consolidated): Shipbuilding: This segment reported revenue of Rs 70,004.27 lakh in Q1FY27, marking a robust YoY growth of 59.47% from Rs 43,897.31 lakh in Q1FY26. Ship Repair: Revenue for the Ship Repair segment was Rs 39,417.16 lakh in Q1FY27, representing a decline of 37.39% YoY compared to Rs 62,962.17 lakh in Q1FY26. New Joint Venture: The company, along with HBL Engineering Ltd, incorporated a new joint venture, "Green Maritime Propulsion Private Limited," on June 11, 2026, with Cochin Shipyard Limited holding a 40% stake. Passenger Vessel Construction Update: The company is executing shipbuilding contracts for two 1200-passenger vessels for the Andaman & Nicobar Administration. Delivery activities have been abated at the buyer's request for potential reallocation. As of June 30, 2026, the cumulative percentage of completion is 54.84% for vessel SH.0023 and 55.19% for vessel SH.0024. The company is actively engaged in modification and takeover discussions with both the A&N; Administration and the Lakshadweep Administration. HCSL Project Status: Its subsidiary, Hooghly Cochin Shipyard Limited (HCSL), reported 98.75% completion for its Caisson Gate project. However, no progress was made toward completion during FY26 or Q1FY27, leading to an increase in project costs. Financial Assistance (HCSL): HCSL recognized income of Rs 298 lakh in Q1FY27 under the Ship Building Financial Assistance Policy (SBFAP), down from Rs 1,237 lakh in the previous year. Result PDF

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