Cochin Shipyard Ltd.'s bottom line surged 8% during the first quarter of current fiscal.
The company's net profit rose to Rs 187.83 crore for the quarter ended June 30 from Rs 174.24 crore for the same period last year, according to an exchange filing on Tuesday.
Cochin Shipyard Q1FY26 Highlights (Consolidated, YoY)
Revenue up 38.5% to Rs 1,068.59 crore versus Rs 771.47 crore.
Net profit up 8% to Rs 187.83 crore versus Rs 174.24 crore.
Ebitda up 36% to Rs 241.36 crore versus Rs 177.36 crore.
Margin at 22.6% versus 23%.
Shares of Cochin Shipyard closed 0.43% higher at Rs 1,667.20 apiece on the NSE, compared to a 0.4% fall in the benchmark Nifty. The stock has risen 28.30% in the last 12 months and 8.35% on a year-to-date basis.
Out of three analysts tracking the company, one has a 'buy' rating, one gave 'sell' and one recommend 'hold', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 25.3%.
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