Cochin Shipyard Q1 results: Net profit rises 77% to Rs 174 crore

   Cochin Shipyard Q1 results: Net profit rises 77% to Rs 174 crore



Cochin Shipyard on August 8 reported a 77 percent jump in net profit at Rs 174.2 crore in the first quarter of FY25, compared to Rs 98.6 crore in the corresponding period of the previous financial year.




However, the PSU firm's net profit declined 33 percent from Rs 258.8 crore in the March quarter, it said in a stock exchange. The state-run firm’s revenue from operations jumped 62.1 percent to Rs 771.47 crore in the quarter under review over Rs 475.86 crore in the year-ago period. But, it declined significantly from Rs 1,286 crore in the previous quarter


The cost of materials consumed in the June quarter almost doubled to Rs 316.6 crore from Rs 166.4 crore in the same period a year ago. It was Rs 626.5 crore in the March quarter.


#cochinshipyard #beststock #topgainer #positive stock #stockmarket #money

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