Cochin Shipyard Stock Soars 9% After Q4 Results and Dividend

Cochin Shipyard reported a net profit of Rs.287.18 crore for the fourth quarter of FY24, showing a 27% increase compared to Rs.258.88 crore in the same quarter last year.

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Revenue Rises 37% Year-on-Year

The company’s operating revenue jumped to Rs.1,757.65 crore, up 36.7% from Rs.1,286.05 crore in the same period a year ago. This indicates strong business performance.

EBITDA and Margins Decline

Despite the revenue growth, the company’s EBITDA fell to Rs.266 crore, a 7.6% decrease from last year. The EBITDA margin dropped to 15.10% from 22.40%, showing a 730 basis point fall.

Final Dividend of ₹2.25 Per Share Announced

The Board of Cochin Shipyard has proposed a final dividend of Rs.2.25 per share for FY 2024–25. This will be paid to shareholders within 30 days of the next Annual General Meeting (AGM), after approval.

Stock Price Surges Post Results

Cochin Shipyard stock opened at Rs.1,858 on the BSE, up 2.5% from the previous close of Rs.1,812.30. The share price rose further to Rs.1,988, gaining over 9% in intraday trade after the results were made public.

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