Cochin Shipyard sails strong on reporting 77% rise in consolidated net profit in Q1
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Cochin Shipyard is currently trading at Rs. 2401.85, up by 90.05 points or 3.90% from its previous closing of Rs. 2311.80 on the BSE.
The scrip opened at Rs. 2444.80 and has touched a high and low of Rs. 2490.00 and Rs. 2380.75 respectively. So far 100942 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. 316.50 on 11-Aug-2023.
Last one week high and low of the scrip stood at Rs. 2490.00 and Rs. 2123.95 respectively. The current market cap of the company is Rs. 63223.57 crore.
The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 7.43% and 19.71% respectively.
Cochin Shipyard has reported 65.30% rise in net profit at Rs 180.85 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 109.41 crore for the same quarter in the previous year. Total income of the company increased by 49.52% at Rs 789.99 crore for Q1FY25 as compared to Rs 528.34 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 76.62% rise in its net profit at Rs 174.24 crore for the quarter ended June 30, 2024 as compared to Rs 98.65 crore for the same quarter in the previous year. Total income of the company increased by 52.78% at Rs 855.48 crore for Q1FY25 as compared to Rs 559.95 crore for the corresponding quarter previous year.
