Cochin Shipyard falls on reporting 28% drop in Q3 consolidated net profit
Cochin Shipyard is currently trading at Rs. 1363.90, down by 47.40 points or 3.36 % from its previous closing of Rs. 1411.30 on the BSE.
The scrip opened at Rs. 1311.40 and has touched a high and low of Rs. 1385.00 and Rs. 1311.40 respectively. So far 64579 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2977.10 on 08-Jul-2024 and a 52 week low of Rs. 712.90 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1561.65 and Rs. 1311.40 respectively. The current market cap of the company is Rs. 36074.95 crore.
The promoters holding in the company stood at 67.91%, while Institutions and Non-Institutions held 9.54% and 22.55% respectively.
Cochin Shipyard has reported 25.70% fall in net profit at Rs 184.29 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 248.02 crore for the same quarter in the previous year. However, total income of the company increased by 3.41% at Rs 1114.39 crore for Q3FY25 as compared to Rs 1077.69 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 27.58% fall in its net profit at Rs 176.99 crore for the quarter ended December 31, 2024 as compared to Rs 244.38 crore for the same quarter in the previous year. However, total income of the company increased by 7.21% at Rs 1194.42 crore for Q3FY25 as compared to Rs 1114.11 crore for the corresponding quarter previous year.
