Cochin Shipyard Ltd

The collaboration, driven by the Ministry of Ports, Shipping, and Waterways, aims to enhance India's ship repair ecosystem by combining the technical expertise of Cochin Shipyard and Drydocks World. The partnership is expected to bring global best practices, increase capacity, and support the government's Maritime India Vision 2030 and AmritKaal Vision 2047. The companies will jointly evaluate opportunities to develop world-class ship repair clusters in Kochi (Kerala) and Vadinar (Gujarat) for advanced maintenance and repair facilities. They will also engage with government entities, including major ports, to enhance ship repair and offshore fabrication capabilities. Additionally, the collaboration will expand into related areas such as offshore fabrication, marine engineering, and strategic infrastructure projects. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 31 December 2024, the Government of India held 67.91% total voting rights in the company. The company's consolidated net profit fell 27.6% to Rs 176.99 crore in Q3 FY25 as against Rs 244.38 crore posted in Q3 FY24. Revenue from operations rose 8.6% YoY to Rs 1,147.64 crore in the quarter ended 31 December 2024. Shares of Cochin Shipyard declined 2.23% to Rs 1,348 on the BSE. Powered by Capital Market - Live

This partnership aligns with the Government of India's Vision 2047 for the maritime sector and supports the recent Union Budget 2025-26 initiatives aimed at positioning India as one of the world's leading maritime hubs. The MoU covers key areas of collaboration, including sharing technical expertise to meet global standards in ship maintenance, exploring opportunities for ship repair, dry docking, and new shipbuilding, joint training programs focused on responsible practices, and skill development initiatives for both CSL employees and Maersk seafarers. The company's consolidated net profit fell 27.6% to Rs 176.99 crore in Q3 FY25 as against Rs 244.38 crore posted in Q3 FY24. Revenue from operations rose 8.6% YoY to Rs 1,147.64 crore in the quarter ended 31 December 2024. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 31 December 2024, the Government of India held 67.91% total voting rights in the company. Shares of Cochin Shipyard shed 1.25% to Rs 1,220.25 on the BSE. Powered by Capital Market - Live

Cochin Shipyard (CSL) has entered into a Memorandum of Understanding (MoU) with A.P. Moller 'V Maersk to explore collaboration opportunities in ship repair, maintenance, and shipbuilding in India. This aligns with the Government of India's Vision 2047 maritime objectives and recent Union Budget 2025-26 announcements to position India among the top global maritime hubs. The MoU encompasses key areas of co-operation such as: 'h Technical expertise sharing for achieving global standards in ship maintenance; Exploration of ship repair, dry docking, and new building opportunities; 'h Joint training programs focusing responsible practices; and 'h Skill development initiatives for both CSL employees and Maersk seafarersPowered by Capital Market - Live

However, revenue from operations rose 8.6% YoY to Rs 1,147.64 crore in the quarter ended 31 December 2024. Profit before tax for the December quarter was at Rs 241.86 crore, down 28.9% from Rs 340.04 crore reported in the same quarter last year. Total expenses jumped 23.05% YoY to Rs 952.56 crore during the quarter. The cost of materials consumed was at Rs 513.10 crore (up 14.06% YoY), while employee benefits expenses stood at Rs 103.16 crore (up 10.41% YoY) during the period under review. On the segmental front, revenue from ship building stood at Rs 647.40 crore (down 14% YoY), while revenue from ship repair stood at Rs 500.24 crore (up 64.93% YoY) during the quarter. On nine-month basis, the company's consolidated net profit increased 3% to Rs 540.15 crore in 9M FY25, compared to Rs 524.56 crore recorded in 9M FY24. Revenue from operations jumped 20.4% YoY to Rs 3,062.31 crore in 9M FY25. Meanwhile, the company's board has declared a second interim dividend of Rs 3.50 per equity share for the financial year 2024-25. The record date for this interim dividend has been fixed as Wednesday, 12 February 2025. Eligible shareholders will receive the dividend on or before 7th March 2025. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 31 December 2024, the Government of India held 67.91% total voting rights in the company. Powered by Capital Market - Live

Net profit of Cochin Shipyard declined 27.58% to Rs 176.99 crore in the quarter ended December 2024 as against Rs 244.38 crore during the previous quarter ended December 2023. Sales rose 8.64% to Rs 1147.64 crore in the quarter ended December 2024 as against Rs 1056.40 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1147.641056.40 9 OPM %20.6929.35 - PBDT273.38359.61 -24 PBT241.86340.04 -29 NP176.99244.38 -28 Powered by Capital Market - Live

Cochin Shipyard announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the 2nd interim dividend of Rs 3.5 per equity Share (i.e. 70%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Cochin Shipyard will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

The contract is for short refit and dry docking of a large Indian Naval vessel. The estimated duration for the project is around 5 months. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

The stock has jumped 21% in five straight sessions from its close of Rs 1,295.70 on 21 November 2024. However, it remains 47.33% below its all-time high of Rs 2,977.10, reached on 8 July 2024. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

This partnership aims to capitalize on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market by building on the company's extensive experience in ship construction and engineering and SLET's renowned technical expertise and design capabilities. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit slipped 25.89% to Rs 149.39 crore in Q2 FY25 as against Rs 180.89 crore posted in Q1 FY25. However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live