The contract is for short refit and dry docking of a large Indian Naval vessel. The estimated duration for the project is around 5 months. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

The stock has jumped 21% in five straight sessions from its close of Rs 1,295.70 on 21 November 2024. However, it remains 47.33% below its all-time high of Rs 2,977.10, reached on 8 July 2024. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

This partnership aims to capitalize on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market by building on the company's extensive experience in ship construction and engineering and SLET's renowned technical expertise and design capabilities. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit slipped 25.89% to Rs 149.39 crore in Q2 FY25 as against Rs 180.89 crore posted in Q1 FY25. However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

This partnership aims to capitalize on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market by building on the company's extensive experience in ship construction and engineering and SLET's renowned technical expertise and design capabilities. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit slipped 25.89% to Rs 149.39 crore in Q2 FY25 as against Rs 180.89 crore posted in Q1 FY25. However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. The scrip rose 0.22% to close at Rs 1,298.50 on Friday, 22 November 2024.Powered by Capital Market - Live

However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. Profit before tax for the September quarter was at Rs 263.43 crore, up 4.79% from Rs 251.38 crore reported in same quarter last year. Total expenses spiked 15.53% YoY to Rs 980.91 crore during the quarter. Cost of materials consumed was at Rs 602.94 crore (up 22.64% YoY) while employee benefits expense stood at Rs 104.23 crore (up 7.82% YoY) during the period under review. On segmental front, revenue from ship repair stood at Rs 283.14 crore (up 12.4% YoY) while revenue from ship building stood at Rs 860.05 crore (up 13.19% YoY) during the quarter. Cochin Shipyard is engaged in shipbuilding & ship repair. As on 30 September 2024, the Government of India held 72.86% total voting right in the company. Powered by Capital Market - Live

Cochin Shipyard announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 4 per equity Share (i.e. 80%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Cochin Shipyard rose 4.07% to Rs 188.92 crore in the quarter ended September 2024 as against Rs 181.53 crore during the previous quarter ended September 2023. Sales rose 13.00% to Rs 1143.20 crore in the quarter ended September 2024 as against Rs 1011.72 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1143.201011.72 13 OPM %17.2618.90 - PBDT289.05270.25 7 PBT263.43251.38 5 NP188.92181.53 4 Powered by Capital Market - Live

Through the OFS, the Government of India proposes to sell up to 65,77,020 equity shares (representing 2.5% stake), with an option to sell an additional 2.5% stake or 65,77,020 equity shares in case of oversubscription. The floor price for the sale has been set at Rs 1,540, a 7.9% discount to the stock's closing price of Rs 1672 on Tuesday, 15 October 2024. The total OFS size (base size + green shoe) stands at 1,31,54,040 shares, representing 5% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 2025.72 crore. The Government of India held 72.86% stake in Cochin Shipyard as of June 2024. The OFS opened on Wednesday (16 October 2024) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Thursday (17 October 2024). As on 13:20 IST, the OFS received subscription for 18,36,543 shares. It was subscribed 31.03% on the base non-retail offer size of 59,19,318 shares and 13.96% on the total non-retail offer size (base size + green shoe) of 1,31,54,040 shares. Cochin Shipyard is engaged in shipbuilding & ship repair. Its consolidated net profit surged 76.62% to Rs 174.24 crore while revenue from operations climbed 62.12% to Rs 771.47 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Cochin Shipyard announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Net profit of Cochin Shipyard rose 76.62% to Rs 174.24 crore in the quarter ended June 2024 as against Rs 98.65 crore during the previous quarter ended June 2023. Sales rose 62.12% to Rs 771.47 crore in the quarter ended June 2024 as against Rs 475.86 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales771.47475.86 62 OPM %22.9916.54 - PBDT254.76154.01 65 PBT235.82137.36 72 NP174.2498.65 77 Powered by Capital Market - Live