Cochin Shipyard Profit rised by 6 folds

 

Cochin Shipyard Q4 FY23-24 Results:-

 

Cochin Shipyard announced its Q4 FY23-24 results on 24.05.2024 and key highlights of the  results are as below:-

1.      Profit rose by more than six folds from Rs.39.3 crores in Q4 FY 22-23 and in this quarter company posted profit of Rs.258.9 crores.

2.      Revenue from operations on consolidated basis increased from Rs.671 crores to Rs.1366 crores i.e. increase of 103%.

(i)                 Revenue from Shipbuilding segment is Rs.985.15 crores against Rs.453.84 crores in FY 22-23.

(ii)              Revenue from Ship repair segment is Rs.300.89 crores against Rs.146.24 crores.

3.      EBITA increased to Rs.288.3 crores positive against loss of Rs.67.1 crores.

4.      Company declared dividend of Rs.2.25 per share having face value of Rs.5. Company has already paid dividend of Rs.11.50 per share and this final divided when added than full year dividend payout comes to be Rs.13.75 per share

5.      If we see for the full financial year profit has been doubled from Rs.783.27 crores against Rs.304.70 crores in FY23.

6.      Net worth of company increased from Rs.3334 crores to Rs.4428 crores.

 

Company has cash equivalent of Rs.2261.60 crores in its books as on 31^st March 2024.

 

Company has an order book of Rs.21500 until December2023 and thereafter company has bagged so many. Order book update will be given in investor presentation.

 

If we see results on Quarter on Quarter basis than we will see:-

1.      Revenue increased from Rs.1114 crores in Q3 FY24 to Rs.1366 crore in Q4 FY24

2.      Profit increased from Rs.244 crores in Q3 to Rs.259 crores in Q4.