Cochin Shipyard shares gained over 2% in early morning trading following the release of its Q1 consolidated results, reflecting strong year-on-year growth. As of 9:20 AM, the shares were trading 2.18% higher at Rs 1,703.60.
The company reported a significant increase in revenue, which rose 38.5% to reach Rs 1,069 crore compared to Rs 771 crore in the same quarter last year. This impressive top-line growth was accompanied by a 7.8% rise in net profit, which stood at Rs 189 crore, up from Rs 174 crore a year earlier.
The company’s EBITDA also showed a robust increase of 36.1%, climbing to Rs 241 crore from Rs 177 crore in the previous year. Despite the growth in earnings, the EBITDA margin slightly dipped to 22.6% from 23%, indicating a small compression in operating profitability.
On the stock front, Cochin Shipyard saw its shares trading between a low of Rs 1,677.70 and a high of Rs 1,724.00 during the session. The stock opened at Rs 1,680 and was previously closed at Rs 1,667.20. Over the past year, the share price has seen a wide range, with a 52-week low of Rs 1,180.20 and a high of Rs 2,545.00.
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