External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Cochin Shipyard exited FY21 with an outstanding performance in Q4 wherein revenue and operating margins were a beat to our estimates. Ship repair segment, which was lagging since Covid, has now kicked in strong revenue and margins adding thrust to Cochin's overall performance. The company declared a dividend of Rs 2.5 per share during the quarter. Revenue for the quarter came in at Rs 1080.3 crore (vs. I-direct estimate of Rs 975 crore), up 32.3% YoY, 44.3% QoQ.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Cochin Shipyard exited FY21 with an outstanding performance in Q4 wherein revenue and operating margins were a beat to our estimates. Ship repair segment, which was lagging since Covid, has now kicked in strong revenue and margins adding thrust to Cochin's overall performance. The company declared a dividend of Rs 2.5 per share during the quarter. Revenue for the quarter came in at Rs 1080.3 crore (vs. I-direct estimate of Rs 975 crore), up 32.3% YoY, 44.3% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cochin Shipyard: Smooth Sailing in Windy Seas

India

Cochin Shipyard Limited operates as a marine building company. The Company offers ship-building, ship repair, offshore, and testing services. Cochin Shipyard serves customers worldwide.

Cochin Shipyard Ltd (COCHIN IN)

Cochin Shipyard: Smooth Sailing in Windy Seas

Cochin Shipyard exited FY21 with an outstanding performance in Q4 wherein revenue and operating margins were a beat to our estimates...

ICICI Securities Limited