Cochin Shipyard Q3 Results: Net Profit reports 27% decline, Rs 3.5 per share dividend declared
Margins for the same period, meanwhile, declined sharply to 20.7%. Total expenses for the third quarter were Rs 9525 crore, compared with Rs 7741 crore in the third quarter of last year.
Cochin Shipyard Q3 Results Net Profit reports 27 decline, Rs 3.5 per share dividend declared
Shipping Stock, Cochin Shipyard Ltd announces the third quarter results of FY25, reporting 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 the previous year. The company reported an operating profit, as measured by EBITDA, of Rs 237 crore in the December quarter, down 23% from Rs 310 crore in the previous quarter.
Margins for the same period, meanwhile, declined sharply to 20.7%. Total expenses for the third quarter were Rs 9525 crore, compared with Rs 7741 crore in the third quarter of last 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.
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Shares of the company were trading lower by 3.49% at Rs 1362.35 with dividend yield of 0.72%.
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