Cochin Shipyard Declares ₹3.5 Dividend Despite Profit Dip

Cochin Shipyard's board has announced a second interim dividend of ₹3.5 per share for the financial year 2024-25, with February 12 set as the record date and payment to be made by March 7. This decision comes even as the company reported a 27% year-over-year (YoY) drop in consolidated net profit for the December quarter, totaling ₹1.77 billion rupees1. Despite the profit decrease, the company's revenue from operations saw a 9% increase, reaching ₹11.48 billion rupees. Cochin Shipyard shares closed 1.04% lower at ₹1,409 on the NSE on Thursday.

 

Source: The Economic Times