Defence Stock, Cochin Shipyard shares declines 7% after Q3 results, Check Details

New Delhi: Following the company's announcement on Thursday of a 27% year-on-year (YoY) decline in its consolidated net profit at Rs 177 crore in the third quarter of fiscal year 2025, shares of the state-owned Cochin Shipyard fell 7% to an intraday low of Rs 1,311.40 on the BSE on Friday, February 7.

The shares of Cochin Shipyard have increased by 59.62% in the last year, indicating robust growth. Nevertheless, it fell 38.36% during the previous six months, 7.96% over the previous three months, and 7.07% over the previous month.

The stock is down 9.91% so far this year. Cochin Shipyard shares closed 0.9% lower at Rs 1,411.30 on the BSE in the previous trading session.

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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.

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