Cochin Shipyard’s Q2 profit falls 50% despite higher revenue; ₹3 dividend declared

Cochin Shipyard Limited reported a 50% year-on-year decline in consolidated net profit to ₹53.77 crore for the quarter ended 30 September 2026, as rising expenses and lower other income offset revenue growth. The state-owned shipbuilder’s revenue from operations increased 11.7% to ₹1,249.19 crore, compared with ₹1,118.59 crore a year earlier.

The board approved the unaudited results on 10 November and declared an interim dividend of ₹3 per equity share for financial year 2026–27. The results showed contrasting performances across the company’s two principal businesses, with ship repair strengthening while shipbuilding slipped into a segment loss.

Total expenses increased 14.7% to ₹1,256.72 crore from ₹1,095.97 crore, growing faster than operating revenue. Materials consumed accounted for ₹682.78 crore, compared with ₹554.76 crore in the corresponding quarter of the previous year.

Other income fell to ₹82.62 crore from ₹127.30 crore, reducing its contribution to earnings. Together, the higher expenditure and lower other income brought profit before tax down to ₹75.08 crore from ₹149.91 crore.

This story was originally published by Maritime Gateway. Read the full story at Maritime Gateway →