Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 112.4 % in the past year, substantial increase in net sales/revenue by 19.98 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 14.25 %. Marginal increase in other income during this quarter, up by 41.15%.
- Profit over the Year and quarter: Significant improvement in profitability for Cochin Shipyard Limited. Notable increase of 459.04 % in net profit Year to Year, Cochin Shipyard Limited’s profitability increased by 6.71 % in this quarter.
- EPS over the Year and quarter: EPS increased by 179.44 % Year to Year. EPS decreased by -46.66 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 576.97 Cr | Rs. 1021.447 Cr | Rs. 1225.493 Cr | + 19.98 % | + 112.4 % |
| Expenses | Rs. 639.46 Cr | Rs. 709.95 Cr | Rs. 939.31 Cr | + 32.31 % | + 46.89 % |
| Operating Profit | Rs. -62.49 Cr | Rs. 311.5 Cr | Rs. 286.18 Cr | -8.13 % | + 557.96 % |
| OPM % | -10.83 % | 30.5 % | 23.35 % | -7.15 % | + 34.18 % |
| Other Income | Rs. 69.48 Cr | Rs. 56.24 Cr | Rs. 79.38 Cr | + 41.15 % | + 14.25 % |
| Interest | Rs. 1.84 Cr | Rs. 7.71 Cr | Rs. 6.26 Cr | -18.81 % | + 240.22 % |
| Depreciation | Rs. 8.66 Cr | Rs. 15.18 Cr | Rs. 13.83 Cr | -8.89 % | + 59.7 % |
| Profit before tax | Rs. -3.51 Cr | Rs. 344.85 Cr | Rs. 345.47 Cr | + 0.18 % | + 9942.45 % |
| Tax % | 18.8 % | 28.08 % | 23.39 % | -4.69 % | + 4.59 % |
| Net Profit | Rs. 47.34 Cr | Rs. 248.02 Cr | Rs. 264.67 Cr | + 6.71 % | + 459.08 % |
| EPS in Rs | Rs. 3.6 | Rs. 18.86 | Rs. 10.06 | -46.66 % | + 179.44 % |
Today, we’re looking at Cochin Shipyard Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 112.4 %. However, it did see a marginal increase of 19.98 % from the previous quarter. Expenses ticked up slightly by 32.31 % quarter-on-quarter, aligning with the annual rise of 46.89 %. Operating profit, while up 557.96 % compared to last year, faced a quarter-on-quarter dip of -8.13 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 34.18 %, but a shrinkage of -7.15 % sequentially. Other income rose by 41.15 % compared to the last quarter, despite an annual growth of 14.25 %. Interest expenses dropped significantly by -18.81 % from the previous quarter, yet the year-over-year increase remains at a moderate 240.22 %. Depreciation costs fell by -8.89 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 59.7 %. Profit before tax grew annually by 9942.45 % but saw an increase from the preceding quarter by 0.18 %.
Tax expenses as a percentage of profits increased slightly by 4.59 % compared to last year, with a more notable quarter-on-quarter decrease of -4.69 %. Net profit rose by 459.08 % year-on-year but experienced a 6.71 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 179.44 % but a quarterly fall of -46.66 %. In summary, Cochin Shipyard Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 576.97 Cr | Rs. 1021.447 Cr | Rs. 1225.493 Cr | + 19.98 % | + 112.4 % |
| Expenses | Rs. 639.46 Cr | Rs. 709.95 Cr | Rs. 939.31 Cr | + 32.31 % | + 46.89 % |
| Operating Profit | Rs. -62.49 Cr | Rs. 311.5 Cr | Rs. 286.18 Cr | -8.13 % | + 557.96 % |
| Net Profit | Rs. 47.34 Cr | Rs. 248.02 Cr | Rs. 264.67 Cr | + 6.71 % | + 459.08 % |
| EPS in Rs | Rs. 3.6 | Rs. 18.86 | Rs. 10.06 | -46.66 % | + 179.44 % |
In reviewing Cochin Shipyard Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 112.4 % year-on-year growth, however, there was a minor increase of 19.98 % from the previous quarter. Expenses rose by 46.89 % compared to the previous year, with a 32.31 % increase quarter-on-quarter. Operating Profit surged by 557.96 % annually, and saw a -8.13 % decrease from the last quarter.
Net Profit showed yearly increase of 459.08 %, and experienced a 6.71 % increase from the previous quarter. Earnings Per Share (EPS) rose by 179.44 % annually, however dipped by -46.66 % compared to the last quarter. In essence, while Cochin Shipyard Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
