Cochin Shipyard Limited (CSL) has announced its financial results for the first quarter of FY25, posting a significant 77% increase in net profit to Rs 174 crore. The company’s revenue also witnessed a substantial growth, rising 45% year-on-year (YoY) to Rs 1,353 crore in Q1 FY25.
The impressive earnings can be attributed to the company’s successful execution of its order book, which includes a range of projects such as warships, submarines, and offshore vessels. CSL’s operating profit margin also improved significantly, rising to 24.4% in Q1 FY25, compared to 18.4% in the same quarter of the previous financial year.
The company’s order book stands at a healthy Rs 12,000 crore, providing visibility for future revenue growth. CSL has also made significant progress in its diversification efforts, with a growing presence in the areas of ship repair, offshore structures, and indigenous submarine construction.
CSL’s Chairman and Managing Director, Madhu S Nair, expressed optimism about the company’s future prospects, citing the growing demand for Indian shipbuilding and repair services. The company’s focus on innovation, quality, and customer satisfaction is expected to drive its growth trajectory in the coming quarters.
The strong Q1 performance has set a positive tone for CSL‘s FY25, with the company well-positioned to capitalize on emerging opportunities in the shipbuilding and repair sector. As the largest shipbuilding and maintenance facility in India, CSL is poised to play a critical role in supporting the country’s maritime ambitions.
