Cochin Shipyard net profit falls 50% to Rs 54 crore in Q2

New Delhi: Cochin Shipyard Ltd on Tuesday reported a 50% decline in consolidated net profit to Rs 53.77 crore for the quarter ended September, compared with Rs 107.52 crore in the year-ago period, according to a regulatory filing.

Total income rose to Rs 1,331.81 crore in the September quarter of FY27 from Rs 1,245.88 crore a year earlier.

Read more: Up to 12,000% growth! 181 companies more than doubled profits in Q2 earnings boom for India Inc

Total expenses increased to Rs 1,256.71 crore from Rs 1,095.97 crore in the corresponding quarter of the previous financial year.

Read more: Kalyan Jewellers Q2 Results: Net profit jumps 64% YoY to Rs 427 crore, revenue rises 31%

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The company's board also approved an interim dividend of Rs 3 per equity share of Rs 5 each, representing a 60% payout, for FY27.

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