Cochin Shipyard shares crack 7% after reporting 27% YoY decline in Q3 PAT
Cochin Shipyard shares cracked 7% to an intraday low of Rs 1,311.40 on the BSE on Friday, February 7, after the company on Thursday announced a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter of financial year 2025.
Shares of state-owned Cochin Shipyard shares will remain in focus on Friday, February 7, after the company on Thursday announced a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter of financial year 2025.
This is compared to Rs 244 crore in the same quarter of last year.
The company's board has announced a second interim dividend of Rs 3.5 per share for the financial year 2024-25, with February 12 set as the record date. The same will be distributed to eligible shareholders on or before March 7.
Meanwhile, the revenue from operations in the same period increased 9% YoY to Rs
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