Stock Market Today: Cochin Shipyard share price extends gains, rises 9% in the morning trades on Friday post Q4 Results that were announced after the market hours. The company also announced dividend
Cochin Shipyard announced on Thursday that its consolidated net profit for the fourth quarter was ₹287.18 crore, up 27% year-on-year (YoY) from ₹258.88 crore in the same period of the previous year.
During the same time period, operating revenue increased 36.7% year over year to ₹1,757.65 crore. The same amount was ₹1,286.05 crore during the same time last year.
The quarter’s earnings before interest, tax, depreciation, and amortization (EBITDA) came to ₹266 crore, a 7.6% decrease from the same time the previous year. Additionally, margins decreased from 22.40% to 15.10%, a 730 basis point decrease from the previous year.
For the fiscal year 2024–2025, the Cochin Shipyard Board has suggested a final dividend of Rs. 2.25 per equity share with a face value of Rs. 5. The shareholders’ consent at the company’s next Annual General Meeting (AGM) is required for the same. According to Cochin Shipyard, the stockholders will get their final dividend within 30 days of the AGM’s declaration date.
Cochin Shipyard share prices
Cochin Shipyard share price had opened at ₹1858 on the BSE on Tuesday , almost 2.5% higher than the previous days closing price of ₹1812.30 for Cochin Shipyard shares. The Cochin Shipyard share price thereafter gained further to ₹1988 lvels marking gains of more than 9% during the intraday trades
Cochin Shipyards share price has seen sharp gains of more than 40% in last one month. The India Pakistan Conflict followed by Operation Sindoor has led to rising focus on Defence stocks.
The Cochin Shipyards share price having risen more than 1500% in last 5 years has given Multibagger returns to the investors
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.