🚀 Cochin Shipyard Share Price Today: Stock Soars 9% After Strong Q4 Results & Dividend Announcement
Cochin Shipyard Share Price Today: Cochin Shipyard shares witnessed a sharp rally of over 9% in early trade on Friday following the announcement of its impressive March quarter results and a final dividend proposal. Despite a dip in margins, the company’s strong top-line and bottom-line performance offered investors positive cues.
📈 Cochin Shipyard Share Price Jumps After Q4 Earnings
On Friday morning, Cochin Shipyard stock opened strong on the BSE at ₹1,858 — about 2.5% higher than its previous closing price of ₹1,812.30. The bullish momentum continued, with the share price climbing to an intraday high of ₹1,988, marking a solid 9% surge.
This spike came right after the company released its Q4 results post-market hours on Thursday, which boosted investor confidence significantly.
💰 Robust Q4 Performance: 27% Jump in Net Profit
Cochin Shipyard delivered a stellar performance in the fourth quarter of FY24. The company reported a 27% increase in net profit, reaching ₹287.18 crore compared to ₹258.88 crore in the same quarter last year.
Revenue also showed strong growth. Operating revenue rose 36.7% YoY to ₹1,757.65 crore, indicating healthy business momentum.
📉 Margins Dip Despite Growth
While revenue and profit were up, there was a noticeable dip in the company’s profitability margins. EBITDA for the quarter stood at ₹266 crore, down by 7.6% from the same period last year. Additionally, EBITDA margin slipped from 22.4% to 15.1%, a decline of nearly 730 basis points.
🎁 Final Dividend of ₹2.25 Per Share Announced
Alongside the Q4 results, Cochin Shipyard proposed a final dividend of ₹2.25 per share for FY24-25. This dividend is based on an equity share with a face value of ₹5 and will be disbursed within 30 days of shareholder approval in the company’s upcoming Annual General Meeting (AGM).
📊 Why Investors Are Bullish on Cochin Shipyard
The recent surge in Cochin Shipyard share price today isn’t just about numbers. Analysts highlight strong government orders, promising defense contracts, and the company’s solid growth outlook as reasons why investors are showing renewed interest.
Many market experts believe Cochin Shipyard is well-positioned to benefit from increasing demand in the maritime and defense sectors, making it a potential long-term wealth creator.
Aamir Ahmad Fateh is a seasoned digital marketer and experienced news writer with over 7 years of expertise in covering political affairs, social issues, technology, sports, and Bollywood. He is the founder and chief editor of 24fnews.com, where he is dedicated to delivering accurate, unbiased, and timely news to a wide audience every day. His sharp insights and journalistic integrity make him a trusted voice in the digital news space.
