Cochin Shipyard Limited has reported its financial results for the quarter ended September 30, 2024, showing a solid year-on-year (YoY) growth in both revenue and profit. The company’s revenue from operations for Q2 FY24-25 stood at ₹1,143.20 crore, marking a 13% increase compared to ₹1,011.72 crore in the same quarter of the previous fiscal year.
Profit for the quarter reached ₹188.92 crore, up 4% YoY from ₹181.53 crore in Q2 FY23-24, reflecting the company’s steady financial performance and operational efficiency.
For the half-year ended September 30, 2024, Cochin Shipyard recorded a revenue from operations of ₹1,914.67 crore, a substantial increase from ₹1,487.58 crore in the corresponding period last year. The profit for the half-year period was ₹363.16 crore, a notable 30% rise from ₹280.18 crore in the previous year.
This growth is attributed to the company’s strategic initiatives and strong performance across its operational segments. The robust financials underscore Cochin Shipyard’s position in the industry, with consistent revenue growth and profitability.
