Cochin Shipyard has reported a ₹287.18 crore net profit for the January–March quarter of the 2024–25 financial year. That’s around 11% higher than the ₹258.88 crore it earned during the same period last year.
The company’s operating income jumped to ₹1,757.65 crore, up 36.7% from ₹1,286.04 crore. Interestingly, revenue from shipbuilding slipped to ₹921.23 crore from ₹985.15 crore. On the other hand, ship repair services saw a sharp rise—from ₹300.89 crore to ₹836.41 crore.
Earnings per share (EPS) moved up from ₹9.84 to ₹10.92. Based on the year-end performance, the board has recommended a final dividend of ₹2.25 per share.
Even before the results were out, Cochin Shipyard’s shares had started climbing. Rumours around a possible ₹10,000 crore deal with South Korea’s HD Hyundai were enough to stir interest in the market.
The stock kept moving upwards post-results as well, gaining over 6% on May 16. Some say this may also have something to do with the current focus on defence-related stocks, especially after recent India–Pakistan tensions. In the last five trading sessions, the stock has gained 28%, and it’s up 26% over the past month.
Last July, the stock had touched an all-time high of ₹2,979.45, driven by strong order flows. That rally had briefly pushed the company’s market value past ₹70,000 crore. But as often happens, profit booking kicked in, and the price fell sharply to ₹1,180.20.
As of May 16, Cochin Shipyard’s market capitalisation stands at around ₹47,678 crore—well below last year’s peak, but significantly up from its recent low. Whether the current upward trend will hold remains to be seen.
