Cochin Shipyard rallied 3.85% to Rs 2,400.70 after the company's consolidated net profit surged 76.62% to Rs 174.24 crore in Q1 FY25 as to Rs 98.65 crore posted in Q1 FY24.
Revenue from operations climbed 62.12% year on year (YoY) to Rs 771.47 crore in the quarter ended 30 June 2024.
Profit before tax for the June quarter was at Rs 235.82 crore, up 71.68% from Rs 137.36 crore reported in Q1 FY24.
Total expenses spiked 46.63% YoY to Rs 619.66 crore during the quarter. Cost of materials consumed was at Rs 316.66 crore (up 90.31% YoY) while employee benefits expense stood at Rs 99.89 crore (up 15.29% YoY) during the period under review.
On segmental front, revenue from ship repair stood at Rs 244.78 crore (up 62.88% YoY) while revenue from ship building stood at Rs 526.70 crore (up 61.77% YoY) during the quarter.
Cochin Shipyard is engaged in shipbuilding & ship repair. As on 30 June 2024, the Government of India held 72.86% total voting right in the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app