Cochin Shipyard Ltd Q2FY24; 59% rise in Profits

Incorporated in the year 1972, Cochin Shipyard Limited(CSL) is a leading player in construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships.
CSL has built & repaired some of the largest ships for its esteemed customers across the globe. It has exported some 45 ships to various clients outside India.
It has developed its expertise from building bulk carriers to smaller ships and ships which are more advanced in terms of technology such as Platform Supply vessels, Anchor Handling Tug Supply Vessels.

Financial Results:

Cochin Shipyard Ltd reported Revenues for Q2FY24 of ₹954.00 Crores up from ₹683.00 Crore year on year, a rise of 39.68%.

Total Expenses for Q2FY24 of ₹783.00 Crores up from ₹570.00 Crores year on year, a rise of 37.37%.

Consolidated Net Profit of ₹191.00 Crores up 59.17% from ₹120.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹14.52, up 59.39% from ₹9.11 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.