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The stock is currently frozen at a record high level of Rs 802.40.
The PSU shipbuilder executed a stock split, dividing each stock into two with a face value of Rs 5 each. The company set 10 January 2024, as the record date to determine shareholders' eligibility for the sub-division of equity shares.
Cochin Shipyard is engaged in shipbuilding & ship repair. As on December 2023, the Government of India held 72.86% total voting right in the company.
The company's consolidated net profit jumped 60.93% to Rs 181.52 crore in Q2 FY24 as compared with Rs 112.79 crore recorded in Q2 FY23. Revenue from operations increased 48% year on year to Rs 1,011.71 crore in the quarter ended 30 September 2023.
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