Cochin Shipyard Q1 Results: Profit falls 19% YoY to Rs 151 crore, revenue up marginally

Cochin Shipyard, a state-owned shipbuilding and allied services company, announced a significant decline in its net profit for the first quarter of fiscal year 2027. The company's profit fell 19% year-on-year to Rs 151.5 crore, down from Rs 188 crore in the same period last year. Despite a marginal increase in revenue from operations by 2.3% to Rs 1,094 crore, the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined by 20.4% to Rs 193 crore, a year-on-year decline from Rs 242 crore.

This resulted in a sharp contraction of the company's EBITDA margin to 17.6% from 22.7%. Cochin Shipyard's shares were trading at Rs 1,495, down 0.40% from the previous close on the BSE. For the year to date, the shares have dropped approximately 8%. The company's market capitalisation stands at Rs 39,370.04 crore. The board also noted penalties imposed by the BSE and NSE for non-compliance with SEBI rules, including the requirement of independent directors and committee composition.