Cochin Shipyard Share Price Today, November 11: Shares of state-owned Cochin Shipyard Limited plunged as much as 8.02 per cent on Wednesday, November 11, after the company reported a 50 per cent year-on-year decline in consolidated net profit for the September quarter of FY27. Its shipbuilding segment also reported a loss during the quarter.
On NSE, Cochin Shipyard shares touched an intraday low of Rs 1,186.50, compared with their previous closing price of Rs 1,290. The stock declined by Rs 103.50 per share from its previous close.
Cochin Shipyard Q2 FY27 results: Profit falls 50%
According to the company’s regulatory filing, consolidated net profit declined to Rs 53.77 crore in the quarter ended September 30, 2026, from Rs 107.53 crore in the corresponding quarter of the previous financial year.
Revenue from operations increased to Rs 1,249.19 crore from Rs 1,118.59 crore a year earlier.
Total income rose to Rs 1,331.81 crore from Rs 1,245.88 crore, while total expenses increased to Rs 1,256.72 crore from Rs 1,095.97 crore.
The company’s consolidated earnings per share (EPS) declined to Rs 2.04 from Rs 4.09 in the year-ago quarter.
Cochin Shipyard’s shipbuilding segment reports loss
The company’s shipbuilding segment reported a loss before interest and tax of Rs 6.08 crore in Q2 FY27, compared with a profit of Rs 149.71 crore in the corresponding quarter last year.
However, revenue from the shipbuilding segment increased to Rs 783.14 crore from Rs 758.98 crore.
Meanwhile, the ship repair segment reported a profit before interest and tax of Rs 143.34 crore, compared with Rs 67.20 crore in the year-ago period.
Revenue from the ship repair segment also increased to Rs 466.05 crore from Rs 359.60 crore.
Cochin Shipyard’s operating margin declines
According to the company’s financial disclosures, its consolidated operating margin stood at 8 per cent in the September quarter, compared with 15 per cent in the corresponding quarter last year.
The net profit margin declined to 4 per cent from 10 per cent during the same period.
Cochin Shipyard flags pending passenger vessel projects
In its financial results, Cochin Shipyard disclosed that construction and delivery activities involving two 1,200-passenger vessels for the Andaman and Nicobar Administration remain affected.
The contractual delivery dates, as extended, expired on April 29, 2023, and October 30, 2023, respectively.
As of September 30, 2026, the two vessels were 54.84 per cent and 55.19 per cent complete, respectively.
The company said it was engaged in discussions with the Andaman and Nicobar Administration and the Lakshadweep Administration regarding modifications to the vessels to meet their present requirements.
Cochin Shipyard dividend announcement
The company’s board also declared an interim dividend of Rs 3 per equity share of face value Rs 5 for FY27, representing a 60 per cent dividend.
The record date has been fixed as November 16, 2026, while the dividend will be paid to eligible shareholders on or before December 9, 2026.