ResultsNDTV Profit
Cochin Shipyard Q2 Net Profit Falls 50% To Rs 54 Cr
GreyOak summary
Cochin Shipyard reported a 50% year-on-year decline in net profit to Rs 53.8 crore for the September quarter, despite revenue rising 11.7% to Rs 1,249 crore. EBITDA margins contracted to 4.1% due to operating losses in the shipbuilding segment, while the ship repair business saw improved profits. The company declared an interim dividend of Rs 3 per share.
What it affects
- Cochin ShipyardCOCHINSHIPNegative -39
Net profit fell 50% to Rs 53.8 croreRolling sentiment Negative -58
Source
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