Cochin Shipyard Q2 Profit Crashes 50% To ₹53.77 Crore, Revenue Rises 12% Despite Sharp Earnings Decline
Mumbai: State-owned Cochin Shipyard Limited reported a sharp 50% year-on-year decline in consolidated net profit to ₹53.77 crore for the quarter ended September 2026, compared with ₹107.53 crore in the corresponding period last year. The decline came despite an 11.7% increase in revenue from operations to ₹1,249.19 crore from ₹1,118.59 crore, according to the company's regulatory filing on…
State-owned Cochin Shipyard Limited experienced a sharp 50% decline in net profit for the quarter ending September 2026, with profits falling to ₹53.77 crore compared to ₹107.53 crore in the same period last year. Despite this decline, the company saw a 11.7% increase in revenue from operations, reaching ₹1,249.19 crore from ₹1,118.59 crore.
Total expenses rose 14.7% to ₹1,256.72 crore, driven by higher costs for materials and subcontracting activities. The shipbuilding segment faced a loss of ₹6.08 crore, while the ship repair segment recorded a profit of ₹143.34 crore. On a quarter-on-quarter basis, profits declined 64.5%, with revenue up 14.2%. Basic earnings per share fell significantly, from ₹4.09 to ₹2.04.
The company announced an interim dividend of ₹3 per share and faced uncertainties regarding two passenger vessels for the Andaman and Nicobar Administration.
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