Cochin Shipyard Q3 FY25 Results and Dividend Declaration
The [[Government of India]]-owned Cochin Shipyard Ltd., a major shipbuilding and repair company in India, will announce its October-December quarter results this week. This leading shipyard, known for delivering two of India’s largest double-hull Aframax tankers with a capacity of 95,000 DWT each, currently holds a market cap of over Rs 38,000 crore.
Date and Time of Q3 Results Announcement
According to a filing dated January 31, the company’s board of directors will meet on Thursday, February 6, 2025, to approve both standalone and consolidated unaudited financial results for the quarter ended December 31, 2024. This announcement is important for investors and market analysis.
Interim Dividend Declaration
In addition to the Q3 results, the board will also discuss the declaration of a second interim dividend for the financial year 2024-25. This follows the first interim dividend of Rs 4 per share (80% of Rs 5 face value) declared in the September quarter, with a record date of November 20, 2024. This news provides important updates for shareholders.
Cochin Shipyard Share Price Performance
Recent market trends show Cochin Shipyard’s shares have dipped about 1.3% over the last five trading sessions on the NSE, and 6.8% in the past month. Over the past six months, the stock price has experienced a significant decline of 41.36%. However, looking at the bigger picture, the stock has gained 58.74% in the past year. These market updates offer valuable insights for investors.
Review of Q2 Results
In the second quarter of FY25, Cochin Shipyard reported a 4% year-on-year increase in profit, reaching Rs 189 crore, compared to Rs 181.5 crore in the same period last year. Revenue from operations also saw growth, increasing by 13% to Rs 1,143.2 crore in Q2, compared to Rs 1,011.7 crore in the corresponding quarter of the previous year. These latest financial updates offer key business news for market watchers.