Cochin Shipyard Q2 FY27 Results: Revenue Rises 11.7%, But PAT Falls 50%; Board Declares ₹3 Interim Dividend

  • Posted: 11 Nov 2026, 8:46 AM IST
  • 2 Min. Read
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Cochin Shipyard Q2 FY27 Results
Cochin Shipyard Q2 profit falls to ₹53.77 crore despite higher revenue.
Summary

Cochin Shipyard reported an 11.7% year-on-year (YoY) increase in consolidated revenue from operations to ₹1,249.19 crore in Q2 FY27. However, consolidated profit after tax (PAT) declined 50% to ₹53.77 crore, while profit before tax (PBT) fell 49.9% to ₹75.08 crore. The company also declared an interim dividend of ₹3 per equity share.

Cochin Shipyard Limited reported an 11.7% year-on-year increase in consolidated revenue from operations to ₹1,249.19 crore in Q2 FY27, compared with ₹1,118.59 crore in the corresponding quarter last year.

Consolidated profit after tax (PAT) fell 50% to ₹53.77 crore from ₹107.53 crore a year earlier. Even so, the board declared an interim dividend of ₹3 per equity share of ₹5 face value and has fixed 16 November 2026 as the record date to determine shareholders eligible to receive the dividend.

The Cochin Shipyard share price closed at ₹1,290 on 9 November, up 4.33% on the National Stock Exchange (NSE).

What Led To The Decline In Cochin Shipyard's Q2 Profit?

Consolidated profit before tax (PBT) declined 49.9% to ₹75.08 crore from ₹149.91 crore in Q2 FY26. Total expenses rose to ₹1,256.72 crore from ₹1,095.97 crore, an increase of 14.7%. This was faster than revenue growth during the quarter.

The largest expense was the cost of materials consumed, which increased to ₹682.78 crore from ₹554.76 crore. Subcontracting and other direct expenses also rose to ₹275.80 crore from ₹242.02 crore. Employee benefit expenses increased to ₹127.90 crore from ₹114.27 crore.

Other income declined to ₹82.62 crore from ₹127.30 crore, adding to the pressure on the bottom line. The company reported no exceptional items during the quarter.

The consolidated operating margin was 8%, compared with 15% in the year-ago quarter. The net profit margin declined to 4% from 10%.

How Did Cochin Shipyard's Business Segments Perform?

The two main operating segments reported contrasting results.

Shipbuilding revenue increased 3.2% to ₹783.14 crore from ₹758.98 crore. However, the segment reported a negative profit before interest and tax (PBIT) of ₹6.08 crore, against a profit of ₹149.71 crore in Q2 FY26.

Ship repair revenue grew 29.6% to ₹466.05 crore from ₹359.60 crore. PBIT more than doubled to ₹143.34 crore from ₹67.20 crore. The segment's higher contribution helped offset some of the weakness in the shipbuilding business.

Source

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Also Read - MRF Q2 FY27 Results: Consolidated Total Income Rises 17.4%, Net Profit Falls 26.6%; Board Declares ₹3 Interim Dividend

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Vishwa Ved
Vishwa Ved

Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.

At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.

When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.

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