Cochin Shipyard Q2 Profit Falls About 50% to About Rs 54 Crore
Cochin Shipyard's consolidated revenue rose about 11.7% to about Rs 1,249 crore in the September quarter, and its board declared a Rs 3 interim dividend.
Key Takeaways
- Cochin Shipyard's consolidated net profit fell about 50% to about Rs 54 crore in Q2 FY27.
- Revenue from operations rose about 11.7% to about Rs 1,249 crore from about Rs 1,119 crore.
- The shipbuilding segment posted a loss before interest and tax of about Rs 6 crore.
- Ship repair profit before interest and tax more than doubled to about Rs 143 crore.
- The board declared an interim dividend of Rs 3 per share, with November 16, 2026 as the record date.
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Cochin Shipyard reported a consolidated net profit of about Rs 54 crore for the quarter ended September 30, 2026 (Q2 FY27), down about 50% from about Rs 108 crore in the same quarter a year earlier. The state-owned shipbuilder's board approved the results at its meeting on November 10, 2026.
Revenue went up even as profit fell. Consolidated revenue from operations rose about 11.7% to about Rs 1,249 crore from about Rs 1,119 crore a year ago. Total expenses rose about 14.7% to about Rs 1,257 crore from about Rs 1,096 crore, and the board also declared an interim dividend of Rs 3 per share.
Cochin Shipyard Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Company | Cochin Shipyard |
| Period | Quarter ended September 30, 2026 (Q2 FY27) |
| Board meeting | November 10, 2026 |
| Basis | Consolidated |
| Net profit | About Rs 54 crore, down about 50% from about Rs 108 crore |
| Revenue from operations | About Rs 1,249 crore, up about 11.7% from about Rs 1,119 crore |
| Total income | About Rs 1,332 crore, up from about Rs 1,246 crore |
| Total expenses | About Rs 1,257 crore, up about 14.7% from about Rs 1,096 crore |
| Profit before tax | About Rs 75 crore, down about 50% from about Rs 150 crore |
| Interim dividend | Rs 3 per share of Rs 5 face value (60%) |
| Record date | November 16, 2026 |
Cochin Shipyard's ship repair business grew while shipbuilding slipped to a loss
Cochin Shipyard reports two main businesses: building ships and repairing them. In the September quarter, shipbuilding revenue rose about 3.2% to about Rs 783 crore from about Rs 759 crore, but the segment posted a loss before interest and tax of about Rs 6 crore, against a profit of about Rs 150 crore a year earlier.
Ship repair moved the other way. Its revenue rose about 29.6% to about Rs 466 crore from about Rs 360 crore, and its profit before interest and tax more than doubled to about Rs 143 crore from about Rs 67 crore. Other income fell to about Rs 83 crore from about Rs 127 crore.
| Segment (Q2 FY27) | Revenue | Profit before interest and tax |
|---|---|---|
| Shipbuilding | About Rs 783 crore (about Rs 759 crore a year ago) | Loss of about Rs 6 crore (profit of about Rs 150 crore a year ago) |
| Ship repair | About Rs 466 crore (about Rs 360 crore a year ago) | About Rs 143 crore (about Rs 67 crore a year ago) |
How Cochin Shipyard's margins changed in the quarter
Cochin Shipyard's filing put its consolidated operating margin at 8% for the September quarter, compared with 15% a year earlier. Its net profit margin fell to 4% from 10%. Net profit was also down about 64% from the June quarter of the same financial year.
Cochin Shipyard is one of the leading shipbuilding and ship repair yards in India. All figures in this story are consolidated, which means they include Cochin Shipyard and its subsidiaries.
Cochin Shipyard's dividend payout dates
Cochin Shipyard's board declared an interim dividend of Rs 3 per equity share of Rs 5 face value, or 60%, for the financial year 2026-27. The company fixed Monday, November 16, 2026 as the record date, and said the dividend will be paid to eligible shareholders on or before December 9, 2026.
Where Cochin Shipyard stands after Q2 FY27
Cochin Shipyard's consolidated revenue from operations rose about 11.7% to about Rs 1,249 crore in Q2 FY27, while its net profit fell about 50% to about Rs 54 crore. Ship repair profit more than doubled in the quarter, while shipbuilding posted a loss. The company said its Rs 3 interim dividend will be paid on or before December 9, 2026.
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