Cochin Shipyard Limited has informed the Exchange about Investor Presentation
COCHINSHIP · price
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Cochin Shipyard reported Q1 FY26 standalone turnover of Rs 977.42 Cr, up 38% year-on-year, driven by a 157% jump in ship repair revenue (Rs 629.62 Cr). However, shipbuilding revenue fell 25% YoY to Rs 347.80 Cr. Profit after tax rose modestly to Rs 187.86 Cr (EPS Rs 7.14), but margins came under pressure—EBITDA margin slipped to 30% from 37% and PAT margin to 19% from 25%. The company has a healthy order book of Rs 21,100 Cr across 75 vessels (65% defence) and disclosed a strong order pipeline of Rs 2,85,000 Cr. New orders in Q1 include two tugs from Polestar Maritime and a luxury river cruise vessel, while MoUs were signed with Drydocks World (UAE) and HD KSOE (South Korea) for ship repair and new-building collaboration.
Strong top-line growth and a robust order pipeline offer good revenue visibility, but margin compression despite higher turnover signals cost pressures that may concern short-term investors. The defence-heavy order book and international MoUs are positives for long-term growth.