Cochin Shipyard Q3 Results: PAT falls 27% YoY to Rs 177 cr; Rs 3.5 per share dividend declared
Cochin Shipyard on Thursday reported a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter, compared with Rs 244 crore in the same quarter of last year.
Revenue from operations in the same period increased 9% YoY to Rs 1148 crore. The same stood at Rs 1056 crore in the corresponding period of previous year.
The company's board has also declared a second interim dividend of Rs 3.5 per share for the financial year 2024-25 and fixed February 12 as the record date. The said interim dividend will be paid to the eligible shareholders on or before March 07.
The company reported an operating profit, as measured by EBITDA, of Rs 237 crore in the December quarter, down 23% as against Rs 310 crore in the last year quarter.
Margins for the same period, meanwhile, declined sharply to 20.7%.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder-
