Cochin Shipyard shares climb over 13% following Q4 results
Cochin Shipyard shares rallied 13 per cent following 10.93 per cent uptick in consolidated net profit for the March 2025 quarter at ₹287.18 crore, driven by higher income.
The defence PSU reported ₹258.88 crore profit in the year-ago period.
Its total income increased to ₹1,914.79 crore from ₹1,366.16 crore in the corresponding quarter last year. However, total expenses also rose to ₹1,530.72 crore in the quarter under review, from ₹1,023.84 crore.
In FY25, the profit surged to ₹827.33 crore from ₹783.27 crore in FY24. The board had recommended final dividend of ₹2.25 per equity share.
The stock has been in limelight amid reports suggesting partnership with HD Hyundai for a ₹10,000 crore project.
Cochin Shipyard has clarified that the company is also evaluating strategic possibilities with multiple entities which are at various stages. “However, at this stage, there is no material event/ information that requires disclosure.”
“The Central and State Governments are working with various stakeholders to promote shipbuilding and ship repair, in line with the Government of India’s Maritime India Vision (MIV) 2030 and Maritime Amrit Kaal Vision (MAKV) 2047,” it added.
The stock traded 13.11 per cent higher on the BSE at ₹2,049.90 as at 10.44 am, after hitting an intraday high of ₹2055.
Published on May 16, 2025
