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The Economic Times

Veer Sharma

Cochin Shipyard shares fall over 7% after Q4 net profit, revenue decline YoY

Cochin Shipyard

Shares of Cochin Shipyard dropped as much as 7.5% to an intraday low of Rs 1,475 on the BSE on Monday after the company reported mixed March quarter results on May 15.

While both revenue and net profit declined on a yearly basis, the company posted a sharp improvement in operating margins driven by better operational efficiency.

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