Earnings | Cochin Shipyard Limited (NSE: COCHINSHIP): Q4FY23 Results Out; Total Income fell 49% YoY.

Cochin Shipyard Limited is a prominent company engaged in the construction, repair, and refit of various types of vessels. With a strong reputation in the industry, CSL has successfully built and repaired numerous ships, including some of the largest ones, for clients worldwide. The company’s expertise ranges from bulk carriers to technologically advanced vessels like Platform Supply vessels and Anchor Handling Tug Supply Vessels. CSL’s commitment to quality and innovation has enabled it to export around 45 ships to clients outside India. It continues to expand its capabilities and contribute significantly to the shipbuilding industry with its diverse portfolio of projects.

• Cochin Shipyard Limited reported Total Income for Q4 FY23 of ₹671 Crore down from ₹1,324 Crore year on year, a negative growth of 49%.
• Total Expenses for Q4 FY23 of ₹676 Crore down from ₹945 Crore year on year, a negative growth of 28%.
• Consolidated Net Profit of ₹39 Crore, down 86% from ₹274 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹2.99, down 85% from ₹20.88 in the same quarter of the previous year.