Cochin Shipyard reports strong growth; consolidated net profit up by 77%

Ace News

9th Aug 2024

Cochin Shipyard has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported 65.30% rise in net profit at Rs 180.85 crore for Q1FY25 as compared to Rs 109.41 crore for the same quarter in the previous year. Total income of the company increased by 49.52% at Rs 789.99 crore for Q1FY25 as compared to Rs 528.34 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 76.62% rise in its net profit at Rs 174.24 crore for the quarter ended June 30, 2024 as compared to Rs 98.65 crore for the same quarter in the previous year. Total income of the company increased by 52.78% at Rs 855.48 crore for Q1FY25 as compared to Rs 559.95 crore for the corresponding quarter previous year.