Cochin Shipyard shares rose 7.7% to an intraday high of Rs 2,491 from its previous close of Rs 2,312.15 after the company’s net profit grew 76.6% on year to Rs 174.23 crore in Q1 of FY25, in comparison to Rs 98.65 crore in the same period a year ago. 

The company’s revenue from operations stood at Rs 771.47 crore in Q1 FY25, up 62% on year against Rs 475.86 crore in the corresponding period of the last fiscal year. 

However, on a quarterly basis, the net profit of the company declined 32.7% from Rs 258.88 crore posted in Q4 of FY24. Similarly, the revenue from operations fell 40% sequentially. 

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Cochin Shipyard Vs Nifty

Shares of Cochin Shipyard have shed over 4% in the last four days. The stock has fallen almost 14% in the last one month. However, the stock has risen 173% in the past six months and 631% in the last one year. To talk about the long term, the stock has raised the investors’ wealth by more than 13.8 times in the last five years. 

To compare the benchmark index Nifty 50 has fallen 0.5% in the last four days. The index has shed almost 0.4% of its value in the last one month. However, it has risen 12% in the past six months and 24% in the last one year. In the long term, five years, the index has risen a bit over 119%.