India's Cochin Shipyard falls on lower Q3 profit

Cochin Shipyard

07/02/2025 04:18

** Shares of Cochin Shipyard  COCH.NS  fall 3% to 1,370
rupees
    ** The shipbuilder posted a ~28% year-on-year fall in Q3
consolidated net profit to 1.77 billion rupees ($20.2 million);
rev from ops up 9% Y/Y
    ** Total expenses grew 23% during the quarter, taking a
chunk off the rev, hurting profitability
    ** Stock has shed 11% so far in 2025



($1 = 87.4500 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))