COCHINSHIP · Capital Goods
Cochin Shipyard Ltd. reported revenue of ₹1,021 cr for October to December 2023, — on the year and +7.0% on the quarter.
Operating profit (EBITDA) was ₹311 cr, a margin of 30.5%, — on the year and +1,002 bps on the quarter.
Net profit was ₹248 cr, — on the year and +29.8% on the quarter, with earnings per share of ₹9.43.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹954 cr | ₹1,021 cr | ₹1,225 cr | ₹710 cr | ₹1,097 cr | ₹1,070 cr | ₹1,651 cr | ₹977 cr | ₹951 cr | ₹1,165 cr | ₹1,214 cr | ₹910 cr |
| YoY | — | — | — | +60% | +15% | +5% | +35% | +38% | −13% | +9% | −26% | −7% |
| EBITDA margin | 20.4% | 30.5% | 23.3% | 25.6% | 17.9% | 22.6% | 15.3% | 24.0% | 5.9% | 14.2% | 18.1% | 17.4% |
| Other income, % of PBT | 34% | 16% | 23% | 33% | 38% | 18% | 41% | 22% | 91% | 39% | 48% | 40% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 28% | 23% | 25% | 28% | 26% | 24% | 24% | 28% | 26% | 31% | 24% |
| Net profit | ₹191 cr | ₹248 cr | ₹265 cr | ₹181 cr | ₹193 cr | ₹184 cr | ₹285 cr | ₹188 cr | ₹101 cr | ₹138 cr | ₹216 cr | ₹136 cr |
| YoY | — | — | — | +66% | +1% | −26% | +8% | +4% | −48% | −25% | −24% | −28% |
| Core profit YoY | — | — | — | +166% | −2% | −29% | −17% | +20% | −92% | −45% | −26% | −45% |
| EPS | ₹7.26 | ₹9.43 | ₹10.06 | ₹6.87 | ₹7.34 | ₹7.01 | ₹10.82 | ₹7.14 | ₹3.84 | ₹5.23 | ₹8.23 | ₹5.16 |
| Flags | 1 | · | · | ✓ | ✓ | 1 | 3 | ✓ | 3 | 3 | ✓ | 3 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Cochin Shipyard Ltd. reported revenue of ₹1,021 cr (— on the year) and net profit of ₹248 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.