Cochin Shipyard Q2 profit slumps 43% at ₹107 crore
Poor quarterly results were due to sharp jumps in subcontracting and provision expenses, which significantly raised the overall cost base.;
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Cochin Shipyard (CSL) reported a steep decline in its consolidated financial performance for the quarter ended September 30, 2025, with net profit falling 43% year-on-year (Y-o-Y).
The company's consolidated net profit dropped to ₹107.53 crore for the September quarter, down from ₹188.92 crore recorded in the corresponding period last year. Meanwhile, revenue saw a modest dip of 2.2%, settling at ₹1,118.59 crore compared to ₹1,143.20 crore last year.
The company's EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortisation) plunged 63% to ₹73.65 crore from ₹197.26 crore a year ago. Consequently, the operating margins contracted sharply to 6.6% from 17.3% in the year-ago quarter.
The poor operating results for the quarter were primarily attributed to a sharp jump in subcontracting expenses and provisions, which significantly increased the overall cost base.
In separate news, Cochin Shipyard announced an interim dividend for its shareholders. The company has fixed November 18, 2025, as the record date to determine the eligibility of shareholders for this dividend. Eligible shareholders are slated to receive the interim dividend payment on or before December 11, 2025.
Following the results shares of Cochin Shipyard closed at ₹1,709 on the National Stock Exchange on November 13, marking a decrease of 4.63%.