Cochin Shipyard Rises 10%, Hits an All-Time High After Co Posts 558% Surge in Net Profit.

Shares of Cochin Shipyard rose 10% to a lifetime high of Rs 2,100 after the company reported robust performance in Q4 and for the full fiscal year (FY24).

The company reported a remarkable 558% Y-o-Y increase in its consolidated net profit of  Rs 258.88 crore.

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Revenue from operations for the reporting quarter soared to Rs 1,366 crore, marking a significant improvement of 103% against Rs 671 crore in the previous year.

Over the last 10 sessions, the company shares have jumped 68% propelling a 725% gain over the past year and an 1141% increase in just two years.

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