{
  "id": 19324342,
  "title": "Cochin Shipyard Q2 Profit Crashes 50% To ₹53.77 Crore, Revenue Rises 12% Despite Sharp Earnings Decline",
  "url": "https://urgent.news/2026/11/10/cochin-shipyard-q2-profit-crashes-50-to-53-77-crore-revenue-rises-12",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T10:36:28.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/cochin-shipyard-q2-profit-crashes-50-to-5377-crore-revenue-rises-12-despite-sharp-earnings-decline"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}