Cochin Shipyard

Cochin Shipyard reported a strong Q1 FY26 with revenue of ₹1,068.59 croreCurrent reported value: ₹1,068.59 crore. No comparable prior figure is available in the source record. (+38.5Current reported value: 38.5. No comparable prior figure is available in the source record.% YoY) and PAT of ₹187.82 croreCurrent reported value: ₹187.82 crore. No comparable prior figure is available in the source record. (+7.8Current reported value: 7.8. No comparable prior figure is available in the source record.% YoY). EBITDA margin was 28%Current reported value: 28%. No comparable prior figure is available in the source record., though management guided full-year PAT margin to ~15%Current reported value: ~15%. No comparable prior figure is available in the source record. due to normalizing ship repair margins after last year's aircraft carrier repairs. The order book stands at ~₹21,000 croreCurrent ~₹21,000 crore. Reported change: N/A. (75 vessels), providing multi-year visibility. Key growth drivers include operationalization of the new dry dock and international ship repair facility (ISRF), strategic MOUs with HD KSOE (Korea) and Drydocks World (UAE) for shipbuilding and repair, and a strong defense pipeline (₹2.2 lakh croreCurrent ₹2.2 lakh crore. Reported change: N/A. at various stages). Management guided 14-15% revenue growth for FY26 and 10-12% CAGR over 5-10 years. Risk: Ship repair revenue may decline to ~₹1,500 croreCurrent ₹1,500 crore. Reported change: -20% YoY. in FY26 from ₹1,875 crore last year, pressuring margins.