Cochin Shipyard Q4 2025 Results were announced on May 15, revealing a robust financial performance with strong topline growth despite a dip in margins. The company reported a net profit of ₹287 crore, marking a 10.8% increase year-on-year from ₹259 crore in Q4 FY24. Total revenue surged 37% to ₹1,758 crore from ₹1,286 crore in the same period last year, driven by improved execution in its order book, particularly in shipbuilding and defence contracts.
Cochin Shipyard Q4 2025 Results: Margin Pressures Amid Strong Revenue Growth
While revenue and profit showed solid growth, profitability was impacted by rising costs. EBITDA stood at ₹266 crore, down 7.6% from a year ago, and the EBITDA margin contracted sharply to 15.1%, down from 22.4% in Q4 FY24. This 730 basis point decline reflects increased operational expenses despite improved revenue, a point analysts will be watching closely in the coming quarters.
The board also recommended a final dividend of ₹2.25 per share for FY25, subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM).
Stock Market Reaction and Analyst Outlook
Following the results, Cochin Shipyard shares rose more than 4% to ₹1,775.1 on the NSE, capping a strong week in which the stock gained 24.5%. Over the past month, the stock has jumped by 23%, reflecting positive sentiment ahead of the earnings release.
Despite the upbeat Cochin Shipyard Q4 2025 Results, analysts remain cautious. While the company’s strong order pipeline, particularly in defence and warship construction, is expected to support moderate revenue growth in the next quarter, the average analyst target price is ₹1,338—suggesting limited upside from current levels. The consensus rating is ‘Hold’, with forecasted annual earnings growth of 11.5% and revenue growth of 16.2%.
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Looking Ahead
Cochin Shipyard’s future appears steady, supported by expectations that its order book could triple over the next two years due to government defence initiatives. Operational efficiency is also projected to remain strong, which could help offset margin pressures.
In summary, the Cochin Shipyard Q4 2025 Results underscore solid growth and operational strength, even as rising costs and valuation concerns temper some investor enthusiasm.
