ResultsCNBC-TV18
Cochin Shipyard Q2 profit drops 49.8% as margins hit
Negative-40Company event
GreyOak summary
Cochin Shipyard Ltd reported a 49.8% decline in consolidated net profit to ₹54 crore for Q2 FY27, despite an 11.7% revenue increase to ₹1,249.2 crore. EBITDA margins contracted to 4.1%. The board declared an interim dividend of ₹3 per share. The company also noted a weak start to the fiscal year with Q1 profit falling 27.7%.
What it affects
- Cochin ShipyardCOCHINSHIPNegative -40
Profit fell 49.8% while revenue grew 11.7%Rolling sentiment Negative -58
Source
Read the original at CNBC-TV18More Cochin Shipyard news
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