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

Cochin Shipyard net profit falls 50% to Rs 54 crore in Q2 SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 COCHINSHIP 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. The key concern was the weak performance of the shipbuilding segment. Revenue from the segment increased to ₹783 crore from ₹759 crore in the year-ago quarter. However, the profit before tax for the segment (PBIT) swung to a loss of ₹6 crore from a profit of ₹150 crore. In contrast, the ship repair business delivered a stronger performance, with revenue rising to ₹466 crore from ₹360 crore and segment PBIT more than doubling to ₹143 crore from ₹67 crore. Earlier, the company had guided for revenue growth of 12% with a potential to reach 15% on the upside, along with EBITDA margin of 14%. At the end of the first half of the year, revenue growth stood at 7%, while margins stood at 9%. At the end of the quarter, the company's borrowings have increased sharply by 62% from last year, while consolidated operating cash flow at the end of the first half of the year, stood at a negative ₹635 crore. All this is for information This is not a buy/sell recommendation. SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Thank you, Technofunda24