Cochin Sipyard Ltd. reported a significant decline in its fourth quarter earnings on Friday. Consolidated net profit plunged 31.7% to Rs 175 crore in the January-March period, compared to Rs 256 crore in the corresponding quarter last year. Slump in revenue contributed to the decline.
Revenue from operations of the PSU shipmaker fell 15.6% to Rs 1,484 crore.
The company's operational performance fared better. Earnings before interest, tax, depreciation and amortisation rose 16.5% to Rs 310 crore, compared to Rs 266 crore. Margin contracted to 20.9% from 15.1%.
Cochin Shipyard Dividend
Cochin Shipyard board announced a final dividend of Rs 1.5 per equity share for the financial year 2025-26. The dividend will be paid to the eligible shareholders within 30 days from the date of its declaration at the AGM.
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Cochin Shipyard Share Price Today
The quarterly results were declared by Cochin Shipyard after the market hours. The company's shares were trading lower during the session, with the scrip falling as much as 3.26% during the day to Rs 1,591.6 apiece on the NSE. It settled 3.08% lower at Rs 1,594.5 apiece, compared to a 0.19% decline in the benchmark Nifty 50.
The company's shares have fallen 11.96% in the last 12 months and 1.68% on a year-to-date basis.
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