Newsletter
Cochin Shipyard delivered a solid Q4, with profits up and repair revenues surging despite some shipbuilding hiccups.
By the numbers:
- Revenue rose 36.6% YoY to ₹1,757.6 crore from ₹1,286 crore
- Net profit grew 10% YoY to ₹287.1 crore vs ₹258.8 crore
- Operating margin fell to 23% from 29% YoY
What’s happening: the ship repair business did the heavy lifting this quarter, offsetting pressure from the shipbuilding side. The company’s been in the spotlight too, from the potential ₹10,000 crore HD Hyundai deal to a new partnership with Drydocks World in Dubai.
Zoom out: Cochin Shipyard has become a defence rally poster child post–Operation Sindoor. The stock is up 40% in a month and 1,500% over five years, firmly anchored in India’s maritime push.
