Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth

Shares of Cochin Shipyard tumbled over 8% to to Rs 1,186.50 apiece on the NSE on Wednesday after the company reported a nearly 50% year-on-year drop in Q2 FY27 net profit to Rs 54 crore. Net profit stood at Rs 107 crore in the year-ago quarter.

Cochin Shipyard’s revenue from operations rose nearly 12% YoY to Rs 1,249 crore during the quarter under review, from Rs 1,119 crore reported in the same period last year. The company's total expenses increased nearly 15% YoY to Rs 1,257 crore in the July-September quarter of the ongoing financial year 2027.

The company’s net profit margin more than halved to 4%, from 10% in the year-ago period. The decline was sharper sequentially, falling from 14% reported in the first quarter of FY27. Its operating margin meanwhile fell to 8% in Q2 FY27, from 15% in Q2 FY26 and 21% in Q1 FY27.


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

Cochin Shipyard announces dividend

Along with the Q2 results, Cochin Shipyard's board of directors approved an interim dividend of Rs 3 per share with a face value of Rs 5 each. The company has declared 22 dividends since August 2018 and has a dividend yield of 0.7%, according to data on Trendlyne.

Cochin Shipyard has fixed November 16 (Monday) as the record date for its dividend, while will be paid to the eligible shareholders on or before December 9 this year. This means that only those shareholders who hold the stock in their portfolios as on the record date will be eligible for the dividend reward.

Cochin Shipyard share price

Cochin Shipyard shares have fallen more than 3% in the last one week and around 3% in a month. The defence major stocks is down 26% in 2026 so far and 32% in one year.

In the longer term, the shares of the company have delivered multibagger returns of more than 128% in three years and 540% in five years. The company has a market capitalisation of more than Rs 31,480 crore currently.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.