Cochin Shipyard slumps as FY27 EBITDA margin guidance disappoints
Mumbai, Sept. 11 -- During an analyst call on Thursday, the company guided for FY27 revenue growth of 12%, with potential to reach 15%. However, it expects the EBITDA margin to stabilise at around 14% in FY27, compared with 24% in FY26.
Cochin Shipyard expects shipbuilding margins to settle at 10%-12%, while ship repair margins are expected to be at 22%-24%. The company expects its revenue mix to comprise around 70% shipbuilding and 30% ship repair going forward.
The company delivered three vessels during the quarter, while its wholly owned subsidiary Udupi Cochin Shipyard also delivered three vessels. Management is targeting the delivery of 10 vessels in FY27.
Cochin Shipyard's unexecuted order book stood at around Rs 21,900 crore. Th...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.