Share Price Jump: Received an order of Rs 5000 crore and the stock jumped as soon as the stock market opened.

News Topical, Digital Desk : Shares of Cochin Shipyard Limited rose over 5 per cent in early trade on Tuesday, 17 February, after the company said it has been declared L1 bidder for an order worth around Rs 5,000 crore from the Ministry of Defence. The company said in an exchange filing on Monday that it has been declared L1 in the tender awarded by the ministry for construction of five Next Generation Survey Vessels (NGSV) for the Indian Navy. The total estimated value of the order is around Rs 5,000 crore.

Income increased by 17 percent in the third quarter
According to the company, the final announcement of this contract will be made after the completion of necessary formalities and further information will be given in due course. Last month the company had released its third quarter results (Q3 Results). The net profit of the company decreased by 18.3 percent to Rs 144.6 crore, which was Rs 177 crore last year. Whereas the income of the company increased by 17.7 percent to Rs 1,350.4 crore, which was Rs 1,147.6 crore last year.

Dividend announced:
The company's EBITDA declined by 21.5 percent to ₹186.6 crore, compared to ₹237.6 crore in the third quarter of the previous fiscal year. The company's margin declined to 13.8 percent, compared to 20.7 percent in the same period last year. The company declared a second interim dividend of ₹3.5 per equity share for FY2026, setting February 3 as the record date. This dividend will be paid on or before February 26, 2026.

Cochin
Shipyard share price rose 5.5 percent to ₹1,550 on Tuesday. The stock has fallen 9 percent in the past six months, while it has gained 27 percent in the past year.

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