For FY24, CLS’ profit more than doubled to Rs783.27 crore, declared final dividend of Rs2.25 for the year
Kochi: State-owned Cochin Shipyard Ltd (CSL)on Friday reported multi-fold growth in its consolidated net profit to Rs258.88 crore for the March 2024 quarter on account of higher income.
It had clocked Rs39.33 crore profit in the year-ago period, the company said in a regulatory filing.
The company’s total income rose to Rs1,366.16 crore from Rs671.32 crore in January-March FY23.
The board of the company also approved a final dividend of Rs2.25 per share for FY24.
Cochin Shipyard is one of the leading shipbuilding and repair yards in India. It also has an exclusive area set for offshore construction and future expansion.
The company earned a revenue of Rs985.15 crore from the shipbuilding segment against Rs453.84 crore in Q4 FY23.
From ship repairing, it has registered a revenue of Rs300.89 crore compared to Rs146.24 crore a year ago.
For the full FY24, the company’s profit more than doubled to Rs783.27 crore from Rs304.70 crore in FY23.
