Cochin Shipyard’s stock fell over 4% after the company reported a 27.6% year-on-year (YoY) decline in net profit for Q3 FY25. The net profit stood at ₹177 crore, down from ₹244.4 crore in Q3 FY24.
Despite the profit drop, revenue from operations grew 8.6% to ₹1,147.6 crore, compared to ₹1,056.4 crore in the same period last year. However, the company’s operating performance weakened, with EBITDA falling 23.4% to ₹237.4 crore from ₹310.1 crore YoY. The EBITDA margin declined sharply to 20.7% from 29.4% in the year-ago quarter.
To reward shareholders, the board has declared a second interim dividend of ₹3.50 per share for FY25. This is in addition to the ₹4 per share dividend announced in November 2024.
Cochin Shipyard’s shares opened at ₹1,335.00, lower than the previous close of ₹1,411.45. The stock fluctuated between ₹1,335.00 and ₹1,370.00 today. Over the past 52 weeks, it hit a low of ₹713.35 and a high of ₹2,979.45.
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