Cochin Shipyard Q1 FY26: Strong Sales Growth, Margins Under Watch

India’s premier shipbuilding and maintenance company, Cochin Shipyard, reported robust revenue growth for the quarter ended June 2025. 📈 Sales: ₹977 Cr — up 38% YoY, driven by higher execution of shipbuilding orders and defence contracts. 📈 EBIDT: ₹234 Cr — up 28% YoY, supported by strong operational performance. 📈 Net Profit: ₹188 Cr — up 4% YoY, but margin growth lagged due to higher input costs and project mix. 💹 EPS: ₹7.14 vs ₹6.87 last year — a modest 4% YoY increase. Our Take: While top-line growth is impressive, the slower pace of net profit growth suggests margin pressure. With a healthy order book, strong defence spending, and ongoing ship repair demand, Cochin Shipyard remains well-positioned — but investors should track cost trends closely.