Revenue from operations for the March-ended quarter stood at Rs 1,757.65 crore, up 37% from Rs 1,286.04 crore in Q4FY24.
The state-run shipbuilder also announced a final dividend of Rs 2.25 per equity share for FY2024-25. The dividend will be paid within 30 days from the date of its declaration at the AGM, the company said in a regulatory filing.
On a quarter-on-quarter basis, profit after tax (PAT) surged 62%, compared to Rs 177 crore reported in Q3FY25. Revenue also rose 53% sequentially from Rs 1,148 crore in the October-December quarter.
For the full financial year, net profit stood at Rs 827.33 crore, up 6% from Rs 783.27 crore in FY24.
Annual revenue from operations came in at Rs 4,820 crore, a 26% increase over Rs 3,830 crore in FY24.
The earnings were announced during market hours, and shares of Cochin Shipyard touched the day’s high of Rs 1,815 on the NSE, rising 7%.
Total expenses for the quarter stood at Rs 1,531 crore, up from Rs 953 crore in Q3FY25 and Rs 1,024 crore in Q4FY24.
The expenses were mainly incurred under cost of materials consumed, sub-contracts, other direct expenses, and finance costs, among other heads.
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