ResultsCNBC-TV18
Cochin Shipyard shares focus after weak Q2 results
Negative-48Company event
GreyOak summary
Cochin Shipyard reported a 12.9% revenue rise to ₹1,074 crore, but EBITDA fell 31% to ₹51 crore. Net profit halved to ₹53 crore as the shipbuilding segment swung to a loss, offset by gains in ship repair. Borrowings increased 62% while operating cash flow remained negative.
What it affects
- Cochin ShipyardCOCHINSHIPNegative -48
Profit halved despite revenue growth due to shipbuildingRolling sentiment Negative -58
Source
Read the original at CNBC-TV18More Cochin Shipyard news
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