Shares of Cochin Shipyard, which is owned by the government, fell by 7% to Rs 1,311.40 on the BSE on Friday, February 7. This drop came after the company reported a 27% decrease in its profits for the third quarter of the financial year 2025. Cochin Shipyard made a profit of Rs 177 crore, down from Rs 244 crore during the same time last year.
Despite the profit drop, the company’s board announced a second interim dividend of Rs 3.5 per share for the financial year 2024-25. The record date to get this dividend is February 12, and eligible shareholders will receive it by March 7.
In terms of revenue, Cochin Shipyard reported a 9% increase YoY, but its operating profit, measured as EBITDA, fell by 23%, down to Rs 237 crore from Rs 310 crore last year. The total expenses for this quarter were Rs 9,525 crore, compared to Rs 7,741 crore last year.
Over the past year, Cochin Shipyard’s shares increased by 59.62%, showing strong growth. However, in the last six months, they dropped by 38.36%. There was also a decline of 7.96% in the past three months and 7.07% in the last month. So far this year, the stock has fallen by 9.91%. In the previous trading session, Cochin Shipyard shares closed down by 0.9% at Rs 1,411.30 on the BSE.
(Disclaimer: The views in this article are those of individual experts and do not reflect the views of NiftyStat.)
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