Cochin Shipyard Ltd has announced a significant increase in its consolidated profit for the September quarter of 2023-24. The company reported a 60.93% rise, with profits reaching Rs 181.52 crore compared to Rs 112.79 crore in the year-ago period. This information was disclosed in a filing to the BSE.
The income of the company also saw a significant increase, rising to Rs 1,100.40 crore from Rs 744.88 crore in the year-ago period. However, the total expenses also surged to Rs 849.03 crore in the second quarter of the current fiscal, compared to Rs 579.88 crore in the year-ago period.
In light of these financial results, the company’s board has approved an interim dividend of Rs 8 per share for the financial year 2023-24.
These financial results demonstrate the continued growth and success of Cochin Shipyard Ltd, reaffirming its position as a leading player in the industry.
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