Cochin Shipyard Ltd — earnings calls

Cochin Shipyard reported Q1 turnover of INR 1,094.21 crores against INR 1,068.59 crores a year earlier, with PBT of INR 202.49 crores and PAT of INR 151.45 crores, down from INR 249.54 crores and INR 187.82 crores respectively. Management announced a Board-approved joint venture with Drydocks World, Dubai for the ISRF facility at a valuation of INR 1,800 crores, and said it would proceed independently with a smaller Block Fabrication Facility after talks with HD KSOE did not reach definitive terms. The company also disclosed its unexecuted order book stood at around INR 22,000 crores, with additional orders including an L1 position for five next-generation survey vessels valued at approximately INR 5,000 crores.