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Informist, Friday, Aug. 14, 2026

 

--Cochin Shipyard Apr-Jun net profit INR 1.36 bln vs INR 1.88 bln yr ago 

--Cochin Shipyard Apr-Jun revenue INR 9.10 bln vs INR 9.77 bln year ago 

 

By Astha Oriel

 

NEW DELHI – Cochin Shipyard Ltd. Friday reported a sharp year-on-year fall in its standalone bottom line for the June quarter as total expenses rose while revenue declined for the three months. This was despite a strong on-year rise in other income and a fall in the tax outgo. This was the fourth consecutive quarter of a year-on-year decline in net profit, and the pace of decline was faster than in the preceding two quarters. The top line of the company was pulled down by a sharp on-year fall in ship repair revenues. 

 

Analysts had said the lower ship repair revenues would partially offset the execution of anti-submarine warfare, Corvette, and NGMV (next generation missile vessels) projects.

 

The company reported a nearly 28% drop in net profit for the quarter at INR 1.36 billion, against INR 1.88 billion in the year-ago quarter. The revenue from operations fell nearly 7% to INR 9.10 billion from INR 9.77 billion a year ago. This was the second consecutive quarter of on-year decline in revenues, though the pace of decline was slower than in the trailing quarter.

 

The company's other income rose over 32% on year to INR 724 million. Total expenses grew nearly 3% on year to INR 8.04 billion. The cost of materials consumed rose more than 23% on year to INR 3.54 billion, and expenses tied to employee benefits rose over 17% on year to INR 1.18 billion. 

 

However, expenses related to sub-contracts and other direct expenses declined over 19% on year to INR 1.92 billion, and other expenses fell over 11% on year to INR 770 million. The tax outgo was INR 426 million, down 30% on year. 

 

Among segments, revenue from ship repairs fell over 37% to INR 3.94 billion from INR 6.29 billion in the year-ago quarter. Revenue from shipbuilding, however, jumped to INR 5.16 billion from INR 3.48 billion in the year-ago quarter. 

 

The company's standalone operating margin for the quarter was 22%, against 27% in the year-ago quarter. The net profit margin declined to 15% from 19% in the year-ago quarter. On Friday, shares of the company closed 0.7% lower at INR 1,496.50 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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