Cochin Shipyard Shares up 9% Post Q4 Results — All You Need to Know
Shares of Cochin Shipyard surged by 9% in the morning trade today after the shipbuilder reported its March quarter (Q4FY25) earnings yesterday post market hours. The company has also announced a dividend.
Cochin Shipyard Shares up 9% Post Q4 Results — All You Need to Know
Shares of Cochin Shipyard surged by 9% in the morning trade today after the shipbuilder reported its March quarter (Q4FY25) earnings yesterday post market hours. The company has also announced a dividend.
Q4 Results
The Defence PSU reported a consolidated net profit of ₹287.18 crore, up 27% YoY, against ₹ 258.88 crore in the year-ago period. Operating revenue surged 26.7% YoY to ₹1,757.65 crore, compared to ₹1,286.05 crore in the corresponding quarter a year ago.
However, earnings before interest, tax, depreciation, and amortisation (EBITDA) in Q4FY25 surged to ₹266 crore, down 7.6% from the same time last year. Margins also remained under pressure, falling from 22.40% to 15.10%, a decline of 730 bps from the previous year.
Dividend announcement
The board has suggested a dividend ₹2.25 per equity share with a face value of ₹5 for FY25. However, shareholders are required to give their consent at the upcoming Annual General Meeting (AGM) for the same. As per Cochin Shipyard, eligible shareholders will receive the dividend within 30 days of the AGM’s declaration date.
Cochin Shipyard share performance
Shares of Cochin Shipyard opened at ₹1858 on the BSE today, up 2.5% from the previous day’s closing price of ₹1812.30. Moreover, the shares further soared at ₹1988 levels, eking out gains close to 9%.
