ResultsMint
Cochin Shipyard shares crash 8% as Q2 profit drops 50%
GreyOak summary
Cochin Shipyard shares fell 8% after Q2 FY27 net profit dropped nearly 50% to ₹53.77 crore, driven by losses in the shipbuilding segment. Despite the decline, the company declared an interim dividend of ₹3 per share. Revenue grew 11.7% to ₹1,249.19 crore, but expenses rose faster, compressing margins.
What it affects
- Cochin ShipyardCOCHINSHIPNegative -57
Profit halved, stock crashed 8% despite dividend.Rolling sentiment Negative -58
Source
Read the original at MintMore Cochin Shipyard news
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