Cochin Shipyard Q2 profit declines 50% to Rs 53.8 cr

New Delhi: Cochin Shipyard Ltd (CSL) on Tuesday reported a 50 percent decline in consolidated net profit to 53.77 crore in the quarter ended September.

The state-owned company had posted a consolidated net profit of Rs 107.52 crore in the second quarter of the preceding financial year, according to a regulatory filing.

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Total income in the September quarter of FY27 increased to Rs 1,331.81 crore from Rs 1,245.88 crore in the year-ago period.

The public sector shipbuilding firm’s total expenses rose to Rs 1,256.71 crore in the September quarter from Rs 1095.97 crore in the year-ago period.

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The company’s board also approved an interim dividend of Rs 3 per equity share of Rs 5 each, fully paid up (60 percent) for the financial year 2026-27.

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