Cochin Shipyard Q4 net profit increased to Rs 258.88 crore in March 2024, up from Rs 39.33 crore in the previous year.

Cochin Shipyard, a state-owned Indian shipbuilding and repair company, reported a significant increase in its Q4 net profit, reaching Rs 258.88 crore in March 2024, compared to Rs 39.33 crore in the year-ago period. The company's total income rose to Rs 1,366.16 crore, and it approved a final dividend of Rs 2.25 per share for FY24. Cochin Shipyard's revenue increased in both shipbuilding (Rs 985.15 crore) and repairing (Rs 300.89 crore) segments compared to the previous year.