Cochin Shipyard climbs on reporting over 6-fold jump in Q4 consolidated net profit
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Cochin Shipyard is currently trading at Rs. 1968.75, up by 57.80 points or 3.02% from its previous closing of Rs. 1910.95 on the BSE.
The scrip opened at Rs. 2090.05 and has touched a high and low of Rs. 2100.00 and Rs. 1953.55 respectively. So far 472155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2100.00 on 27-May-2024 and a 52 week low of Rs. 235.08 on 26-May-2023.
Last one week high and low of the scrip stood at Rs. 2100.00 and Rs. 1433.10 respectively. The current market cap of the company is Rs. 52321.51 crore.
The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 7.67% and 19.47% respectively.
Cochin Shipyard has reported over 5- fold jump in its net profit at Rs 264.67 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 47.34 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 1304.87 crore for Q4FY24 as compared Rs 646.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 6- fold jump in its net profit at Rs 258.88 crore for fourth quarter ended March 31, 2024 as compared to Rs 39.34 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 1366.17 crore for Q4FY24 as compared Rs 671.32 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported over 2- fold jump in its net profit at Rs 813.10 crore as compared to Rs 334.49 crore for the previous year. However, total income of the company increased by 55.80% at Rs 3952.66 crore for year under review as compared to Rs 2536.95 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported over 2- fold jump in its net profit at Rs 783.28 crore as compared to Rs 304.71 crore for the previous year. However, total income of the company increased by 61.02% at Rs 4140.64 crore for year under review as compared to Rs 2571.57 crore for year ended March 31, 2023.
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