Cochin Shipyard shares zoom nearly 8% after Q1 PAT soars 77% YoY

Shares of state-owned Cochin Shipyard surged 7.8% to Rs 2,490 on the BSE after reporting a 76.6% YoY increase in consolidated net profit to Rs 174.23 crore for the June 2024 quarter. Revenue from operations rose by 62% to Rs 771.47 crore, up from Rs 475.86 crore in the same period last year.