The Cochin Shipyard company reported seven fold YoY profit to Rs.258.90 cr in the Q42024, Revenue increased to Rs.1286 cr as 114.3%. Orderbook Rs.22300 cr in the December 2023 end. This company doing Major Domestic Indian Navy vessels, repairing, Ship Building and exports.
COCHIN SHIPYARD Market price has broken Ascending channel in upside
The state-run defense company, Cochin Shipyard, reported a near seven-fold year-on-year increase in net profit, reaching Rs 258.90 crore. This impressive growth was accompanied by a 114.3 percent increase in revenue, totaling Rs 1,286 crore, driven by strong execution across its business segments.
Cochin Shipyard is primarily engaged in the ship building and repair of ships and offshore rigs. As the largest public-sector shipyard in India, the company derives significant revenue from the Indian Navy. Its main revenue streams include naval vessel construction, Coast Guard projects, commercial ship building, and vessel repair services.
Over the last 12 months, the stock has delivered extraordinary returns, increasing by over 700 percent. This year alone, it has nearly tripled investors’ money with a 192 percent rise.
Earlier this year, ICICI Direct Research rated Cochin Shipyard stock as a ‘buy’ with a target price of Rs 1,055, which the stock has since far exceeded. The brokerage’s positive outlook was based on the company’s expertise in shipbuilding and repair, a substantial order backlog, and strong growth prospects.
ICICI Direct highlighted Cochin Shipyard’s advanced infrastructure, which includes a capacity of up to 110,000 deadweight tonnage (DWT) for shipbuilding and up to 125,000 DWT for ship repair. The company’s capabilities have been further enhanced by the commissioning of the International Ship Repair Facility (ISRF) and a new dry dock facility.
With a substantial order backlog of over Rs 22,300 crore as of December 2023, the brokerage sees a strong revenue growth outlook. There is also a robust pipeline of orders in commercial and defense shipbuilding and repair, including exports.
In the defense sector, analysts at ICICI Direct are optimistic about Cochin Shipyard’s future, particularly with the Indian Navy’s planned vessel acquisitions. The company’s strategic position and expertise make it well-placed to capitalize on these opportunities.
The Gail is setting up the 10MW Hydrogen manufacturing plant in the Vijaipur in Madhya Pradesh. The 4.3 Tonnes per day is going to produce the 30KG/SQCM of pure Hydrogen 99.99% in this plant. This Hydrogen gas main purpose for used to Fuel along with Natural gas. 20MW plant totally planned in this Vijaipur region. Gail Reported 5.67% dropped in the revenue to Rs.32817 cr in the Q42024 and Net profit down compared to past quarter.
GAIL INDIA Market price has broken Ascending channel in upside
This uptick followed the company’s announcement of the inauguration of its first 10 megawatt (MW) green hydrogen plant in Vijaipur, Madhya Pradesh, under the National Green Hydrogen Mission.
The newly inaugurated plant boasts a capacity to produce 4.3 tonnes per day (TPD) of hydrogen using electrolyzer units powered by renewable energy sources. GAIL stated that the hydrogen produced at this facility would achieve a purity level of 99.99 percent and be generated at a pressure of 30 kilograms per square centimeter.
Initially, the hydrogen generated from this unit will be utilized as fuel alongside natural gas for internal consumption within various processes and equipment at the existing plant, as detailed in a regulatory filing by GAIL on May 25.
To meet the green power requirements for the electrolyzer, GAIL is also in the process of establishing 20 MW solar power plants in Vijaipur. Additionally, the company aims to procure renewable power through open access.
GAIL’s financial performance for the March quarter indicated a 5.6 percent decline in revenue, amounting to Rs 32,317 crore. The company also reported a more than 23 percent decrease in net profit, attributed to lower revenue and weaker-than-expected performance in the gas marketing segment.
Despite these financial challenges, GAIL shares have shown resilience, rallying over 26 percent since the beginning of the year, demonstrating investor confidence in the company’s strategic initiatives and long-term prospects.
The RVNL company bagged the order worth of Rs.187.45 cr from Maharastra metro rail project and totally six stations project. The company already bagged the order from Eastern Railway projects worth of Rs.148.27 cr. The Q4 Net profit Jumped to 33% as Rs.478 cr, revenue up by 17.1% as Rs.6781 cr and EBITA up by 21.8% as Rs.456.4 cr.
RAIL VIKAS NIGAM Market price is moving in Ascending channel and market has reached higher high area of the channel
This significant increase followed the announcement that RVNL had emerged as the lowest bidder for a project tendered by Maharashtra Metro Rail Corporation.
According to an official release by the company, RVNL secured the lowest bidder (L1) position for Maharashtra Metro Rail Corporation Limited’s (Nagpur Metro) project, involving the construction of six elevated metro stations. These stations, situated between Ch. – 7576.78mm to Ch – 13457.76m in Reach 2B of the Nagpur Metro Rail Project (NMRP) Phase 2, include Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station. The project, valued at Rs 187.34 crore, is slated for completion within a timeframe of 30 months.
In addition to this significant project win, RVNL recently received a letter of acceptance worth Rs 148.26 crore from SER HQELECTRICAL/South Eastern Railway for the upgradation of the Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for the Kharagpur (Excl.)- Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway, aimed at meeting a 3000 MT loading target.
In its financial performance for the fourth quarter, RVNL reported a robust 33.2 percent increase in net profit, amounting to Rs 478.6 crore. Additionally, revenue from operations witnessed a solid growth of 17.4 percent year-on-year, reaching Rs 6,714 crore. At the operating level, EBITDA in Q4FY24 rose by 21.8 percent year-on-year to Rs 456.4 crore.
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