Cochin Shipyard Q2 results: net profit falls 50% to Rs 53.8 crore
Cochin Shipyard said in a filing that consolidated net profit for the September 2026 quarter fell 50.0% to Rs 53.77 crore, while revenue rose 11.7%. Its board declared an interim dividend of Rs 3 per share.
Key points
- Cochin Shipyard reported consolidated net profit of Rs 53.77 crore for the quarter ended 30 September 2026, down 50.0% from a year earlier.
- Revenue from operations rose 11.7% from a year earlier to Rs 1,249.19 crore, and the board declared an interim dividend of Rs 3 per share.
- The record date for the dividend is 16 November 2026, and the company said it will be paid on or before 9 December 2026.
Cochin Shipyard Limited said in a filing with the National Stock Exchange that its consolidated net profit for the quarter ended 30 September 2026 (Q2 of FY27) was Rs 53.77 crore, down 50.0% from a year earlier. Revenue from operations rose 11.7% to Rs 1,249.19 crore. The board also declared an interim dividend of Rs 3 per share.
What Happened
The company's board met on 10 November 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. The figures below are consolidated, as given in the company's filing with the National Stock Exchange.
Revenue from operations was Rs 1,249.19 crore in the September 2026 quarter. That compares with Rs 1,118.59 crore in the same quarter a year earlier, a rise of 11.7%, and Rs 1,094.21 crore in the June 2026 quarter, a rise of 14.2%.
Profit for the period, all of it attributable to the owners of the company, was Rs 53.77 crore. That compares with Rs 107.53 crore a year earlier, a fall of 50.0%, and Rs 151.45 crore in the previous quarter, a fall of 64.5%. Earnings per share were Rs 2.04, against Rs 4.09 a year earlier.
For the half year ended 30 September 2026, revenue from operations was Rs 2,343.41 crore, against Rs 2,187.18 crore a year earlier. Profit for the half year was Rs 205.22 crore, against Rs 295.36 crore.
The filing shows the cost of materials consumed at Rs 682.78 crore in the quarter, against Rs 554.76 crore a year earlier. The company reported no exceptional items.
The board declared an interim dividend of Rs 3 per equity share of Rs 5 each (60%) for 2026-27. The record date is 16 November 2026, and the company said the dividend will be paid to eligible shareholders on or before 9 December 2026.
In the notes to the results, the company said it is executing contracts with the Andaman & Nicobar Administration for two 1,200-passenger vessels. It said the contractual delivery dates, as extended, expired on 29 April 2023 and 30 October 2023. It said the Administration has sought reallocation of the vessels to other buyers, that the company has slowed delivery activity, and that it still holds a valid and enforceable contract. It said it has recognised no additional provision for liquidated damages beyond those two dates.
What It Means
For shareholders, the filing shows that profit in the latest quarter was lower than in both the same quarter last year and the previous quarter, even as revenue grew. Shareholders on the register on 16 November 2026 are eligible for the Rs 3 per share interim dividend.
The results are unaudited and were subject to a limited review by the company's statutory auditors. Readers who want the full tables, segment figures and notes can read the company's filing with the National Stock Exchange. Complaints against listed companies can be lodged at https://scores.sebi.gov.in.
Oquilia Data: Cochin Shipyard Ltd. (NSE: COCHINSHIP)
| Close, 9 Nov 2026 | Rs 1,290.00 (+4.33% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | +4.88% / −15.11% / −27.39% / −20.38% / −25.25% |
| Against Nifty 50, 1M / 3M / YTD | −6.33 / −17.04 / −16.22 points |
| 52-week closing high / low | Rs 1,814.70 (7 May 2026) / Rs 1,114.20 (30 Oct 2026) |
| Turnover, 20-session average | Rs 87.67 cr; 36.8% delivered; latest volume 2.4x |
| Insider trades, 90 days | none by promoters, directors or KMP |
Closes adjusted for splits and bonuses; returns exclude dividends; insider figures from BSE filings. Facts from NSE's files, not investment advice.
Full record: Cochin Shipyard share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India