Cochin Shipyard Q4 Results: Margin improves sharply even as revenue falls

Cochin Shipyard Q4 Results: Margin improves sharply even as revenue falls


Cochin Shipyard reported a mixed set of earnings for the March quarter on May 15, with revenue and net profit declining year-on-year, although margins improved sharply on the back of stronger operating performance.

The company posted a net profit of ₹277 crore for Q4 FY26, down 3.7% from ₹287 crore in the corresponding quarter last year. Revenue from operations fell 15.6% year-on-year to ₹1,484.3 crore, compared with ₹1,757.7 crore a year earlier.

Despite the decline in topline, operating performance remained robust during the quarter. EBITDA rose 16.5% to ₹310 crore from ₹266 crore in the year-ago period, while EBITDA margin expanded significantly to 20.9% from 15.1% last year, indicating improved operational efficiency and better cost management.

The margin expansion helped offset the impact of weaker revenue and supported profitability during the quarter.

Also Read: Cochin Shipyard arm wins ₹100-250 crore tug construction order from Adani Group firm

Ahead of the earnings announcement, shares of Cochin Shipyard closed 3.03% lower at ₹1,595.30 on the NSE.

The board of directors has recommended a final dividend of ₹1.5 per equity share of face value ₹5 each for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company said the dividend, if approved, will be paid within 30 days from the date of declaration at the AGM.

Also Read: Solara Active Q4 Results: Stock jumps 15% after profitability returns, revenue growth



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