India's Cochin Shipyard rises after upbeat Q1 results

Cochin Shipyard

09/08/2024 07:39

** Shares of Cochin Shipyard  COCH.NS  rise 3.8% to 2,400.8
rupees
    ** Shipbuilder's Q1 consol net profit jumped 77% y/y to 1.74
bln rupees ($20.7 mln) as a 62% surge in rev outweighed a 47%
rise in expenses 
    ** Rival Garden Reach Shipbuilders  GRSE.NS  down 1.6%
    ** YTD, COCH has surged 256%, set for best year since
listing

($1 = 83.9000 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))