State-run Cochin Shipyard Limited on Tuesday reported a 50 per cent decline in consolidated net profit for the quarter ended September 2026, as weakness in its shipbuilding business weighed on earnings despite higher revenue, IANS reported from the company's stock exchange filing.

Source: IANS

Consolidated net profit fell to Rs 53.77 crore from Rs 107.52 crore a year earlier, while standalone net profit fell over 53 per cent to Rs 47.34 crore from Rs 101.09 crore, The Hindu BusinessLine reported. Consolidated revenue from operations rose 11.7 per cent to Rs 1,249.19 crore from Rs 1,118.59 crore.

Rs 53.77 croreConsolidated Q2 net profit, down 50%
Rs 1,249.19 croreConsolidated revenue, up 11.7%
-Rs 6.1 croreShipbuilding segment operating result
Rs 3 per shareInterim dividend; record date Nov 16

The two halves of the business moved in opposite directions. Shipbuilding revenue rose only marginally to Rs 783.1 crore from Rs 759 crore, and the segment swung to an operating loss of Rs 6.1 crore from an operating profit of Rs 149.7 crore a year ago. Ship repair, by contrast, lifted revenue to Rs 466.05 crore from Rs 359.6 crore and more than doubled operating profit to Rs 143.3 crore from Rs 67.2 crore, according to the filing reported by IANS.

For the first half of FY27, consolidated net profit fell about 30.5 per cent to Rs 205.22 crore from Rs 295.36 crore, on revenue of Rs 2,343.41 crore. The board declared an interim dividend of Rs 3 per share on the Rs 5 face value — 60 per cent — with November 16 as the record date.

Source: The Hindu BusinessLine

Cochin Shipyard is one of India's principal defence and commercial shipbuilders, so the split result — a booming repair order book against a loss-making building segment — will be watched for what it says about execution costs on large shipbuilding contracts.