Cochin Shipyard Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

Revenue from operations climbed 62.12% year on year (YoY) to Rs 771.47 crore in the quarter ended 30 June 2024.

Profit before tax for the June quarter was at Rs 235.82 crore, up 71.68% from Rs 137.36 crore reported in Q1 FY24.

Total expenses spiked 46.63% YoY to Rs 619.66 crore during the quarter. Cost of materials consumed was at Rs 316.66 crore (up 90.31% YoY) while employee benefits expense stood at Rs 99.89 crore (up 15.29% YoY) during the period under review.

On segmental front, revenue from ship repair stood at Rs 244.78 crore (up 62.88% YoY) while revenue from ship building stood at Rs 526.70 crore (up 61.77% YoY) during the quarter.

Cochin Shipyard is engaged in shipbuilding & ship repair. As on 30 June 2024, the Government of India held 72.86% total voting right in the company.

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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.

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Cochin Shipyard will hold a meeting of the Board of Directors of the Company on 8 August 2024.

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The key domestic indices pared some gains and traded with decent gains in morning trade. The Nifty traded below the 24,350 mark. IT shares witnessed buying demand for the sixth consecutive trading sessions. Trading could be volatile due to weekly F&O series expiry today.

At 10:30 IST, the barometer index, the S&P BSE Sensex was up 176.14 points or 0.22% to 80,162.94. The Nifty 50 index added 48.30 points or 0.20% to 24,334.80.

The Sensex and Nifty clocked an all-time high of 80,392.64 and 24,401, respectively in morning trade. Further, the Nifty Bank also hits record high at 53,357.70 in early trade.

In the broader market, the S&P BSE Mid-Cap index added 0.22% and the S&P BSE Small-Cap index rose 0.31%.

The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit an all-time high at 47,043.80 and 53,775.17, respectively.

The market breadth was strong. On the BSE, 2,041 shares rose and 1,619 shares fell. A total of 136 shares were unchanged.

Buzzing Index:

The Nifty IT index gained 1.32% to 37,807.45. The index jumped 6.78% in six consecutive trading sessions.

Persistent Systems (up 2.61%), Coforge (up 2.45%), HCL Technologies (up 2.03%), Mphasis (up 1.63%), Tata Consultancy Services (up 1.35%), Infosys (up 1.26%), L&T Technology Services (up 0.97%), LTIMindtree (up 0.49%) and Wipro (up 0.06%) advanced.

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