ResultsMoneycontrol
Cochin Shipyard shares fall 8% after Q2 results
GreyOak summary
Cochin Shipyard shares plunged 8% after reporting a 50% year-on-year decline in net profit to Rs 54 crore for Q2 FY27. Despite revenue rising 12% to Rs 1,249 crore, EBITDA margins contracted to 4.1%. The company declared an interim dividend of Rs 3 per share, while a brokerage firm upgraded its rating to 'Buy' with a target price of Rs 1,565.
What it affects
- Cochin ShipyardCOCHINSHIPNegative -60
Shares fell 8% after Q2 profit dropped 50%.Rolling sentiment Negative -58
Source
Read the original at MoneycontrolMore Cochin Shipyard news
- NeST Group, Cochin Shipyard unveil indigenous hybrid laser arc welding technologyEconomic Times · Company update ·
- Cochin Shipyard shares tumble 7% on weak Q2 earningsBusiness Today · Results ·
- Cochin Shipyard wins Rs 500 cr defence orderFinancial Express · Company update ·
- MoD signs ₹499 crore contract with Cochin ShipyardCNBC-TV18 · Order win ·
- Buy Cochin Shipyard; target of Rs 1565: Choice Institutional EquitiesMoneycontrol · Company update ·