State-owned Cochin Shipyard Ltd (CSL) reported a 50 per cent year-on-year decline in net profit attributable to equity owners at ₹53.77 crore for the second quarter of FY2026-27 (Q2 FY27), compared with ₹107.53 crore in the corresponding quarter of the previous financial year.
Despite the decline in profitability, the company’s revenue from operations registered an 11.7 per cent increase to ₹1,249.19 crore during the quarter, against ₹1,118.59 crore in Q2 FY26.
Total income rose 6.9 per cent year-on-year to ₹1,331.81 crore, compared with ₹1,245.88 crore in the year-ago period. However, basic earnings per share (EPS) declined to ₹2.04 from ₹4.09 in the corresponding quarter last year, marking a 50.1 per cent fall.
Cochin Shipyard’s shipbuilding segment recorded a modest 3.2 per cent growth in revenue, reaching ₹783.14 crore in Q2 FY27, compared with ₹758.98 crore in the corresponding period of FY26.
The ship repair segment delivered stronger growth, with revenue surging 29.6 per cent year-on-year to ₹466.05 crore from ₹359.60 crore.
The results highlight continued revenue growth across Cochin Shipyard’s core business segments, particularly ship repair, even as the company reported a significant decline in quarterly profitability.