Cochin Shipyard consolidated net profit jumped 4.07% to Rs 188.92 crore on 13% rise in revenue from operations to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24.
Profit before tax for the September quarter was at Rs 263.43 crore, up 4.79% from Rs 251.38 crore reported in the same quarter last year.Total expenses spiked 15.53% YoY to Rs 980.91 crore during the quarter. The cost of materials consumed was at Rs 602.94 crore (up 22.64% YoY), while employee benefits expenses stood at Rs 104.23 crore (up 7.82% YoY) during the period under review.
On the 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 of 30 September 2024, the Government of India held 72.86% total voting rights in the company.
Shares of Cochin Shipyard slipped 4.89% to Rs 1,451.05 on the BSE.
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