Cochin Shipyard Limited has informed the Exchange about Transcript
COCHINSHIP · price
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Cochin Shipyard Limited held an analyst conference call to discuss its Q4 FY24 and full-year FY24 results, reporting record-high consolidated revenue of INR3,830.45 crore, up 62% year-on-year, with profit after tax of INR783.28 crore, up 157%. Ship repair revenue crossed the INR1,000 crore milestone for the first time. New orders worth INR1,000–1,200 crore were signed with a European client for two Hybrid Service Operation Vessels, plus additional subsidiary orders of INR250–300 crore and naval refit contracts worth INR150 crore. The total order book stands at INR22,000 crore (INR15,000 crore defence, INR7,000 crore non-defence). Management guided for 20–25% revenue growth in FY25, with EBITDA margins of 17–19% on a consolidated level, and PAT tempered by higher depreciation of INR125–150 crore from new facilities.
The strong FY24 print and healthy INR22,000 crore order book provide visibility for multi-year growth, though higher depreciation from the new dry dock and ISRF (operational by August 2024) will compress near-term PAT margins. Shareholders can expect a total dividend of INR256.50 crore for FY24, and the company is now practically debt-free, which strengthens the balance sheet.