Consolidated net profit fell 27.7% year on year to ₹135.8 crore, compared with ₹187.9 crore in the corresponding quarter last year. Revenue from operations also declined 6.9% to ₹910 crore, from ₹977 crore a year earlier.
On the operating front, EBITDA fell 32.5% to ₹157.6 crore, compared with ₹233.6 crore in the year-ago period. The EBITDA margin contracted to 17.33% from 23.91%.
The June quarter performance comes after a weak March quarter for the company. In its Q4 FY26 results announced on May 18, Cochin Shipyard had reported a 26% year-on-year decline in revenue, significantly weaker than estimates that had pegged a 6% decline. EBITDA fell 13%, against expectations of a 12% increase, while net profit declined 24% compared with estimates of a 16% drop.
Despite the earnings pressure, Q4 EBITDA margin had improved by 276 basis points year on year to 18%, broadly in line with expectations.
Ahead of the Q1 earnings announcement, shares of Cochin Shipyard Ltd closed at ₹1,492 on the NSE, down 1% or ₹15.
Cochin Shipyard is a state-owned shipbuilding and ship-repair company, with operations spanning construction of commercial and defence vessels as well as ship repair.
