Cochin Shipyard Q2 profit drops 43% as expenses rise, margins shrink sharply
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Cochin Shipyard Ltd. (CSL) reported a sharp fall in its second-quarter profit, weighed down by higher expenses and weaker operational performance.
The state-run shipbuilder’s consolidated net profit declined 43% year-on-year to ₹108 crore for the July–September quarter, compared to ₹189 crore in the same period last year. This marks the second straight quarter of profit decline.
Revenue from operations also slipped 2% to ₹1,119 crore, extending the downward trend from previous quarters. Earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped 63% to ₹74 crore from ₹197 crore a year ago. Operating margins contracted sharply to 6.6% from 17.3%.
Income from the shipbuilding division fell 12%, while revenue from ship repair activities rose 27%, partly offsetting the decline.
The company’s board declared an interim dividend of ₹4 per equity share for the financial year 2025–26. The record date has been set for November 18, and eligible shareholders will receive the dividend on or before December 11.
Ahead of the results, shares of Cochin Shipyard closed 2.1% higher at ₹1,792.05 on the BSE, outperforming the benchmark Sensex, which gained 0.7%.