Cochin Shipyard slips as Q2 PAT declines 50% YoY to Rs 54 cr

Revenue from operations increased 6.90% to Rs 1,331.81 crore in Q2 FY27 from Rs 1,245.88 crore in Q2 FY26.

Profit before tax declined 49.91% YoY to Rs 75.08 crore in Q2 FY27, compared with Rs 149.91 crore in the corresponding quarter last year.

Total expenses increased 14.67% YoY to Rs 1,256.72 crore from Rs 1,095.97 crore. The cost of materials consumed rose 23.08% to Rs 682.78 crore from Rs 554.76 crore, while employee benefits expenses increased 11.93% to Rs 127.90 crore from Rs 114.27 crore.

The company's board declared an interim dividend of Rs 3 per equity share of face value Rs 5 each (60%) for FY27. The record date is fixed as 16 November 2026, and the dividend will be paid on or before 9 December 2026.

Cochin Shipyard is a leading player in the construction of all kinds of vessels and the repair and refit of all types of vessels, including periodic upgrades and life extensions of ships.

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