Cochin Shipyard Ltd (CSL), established in 1972 and a key player in ship construction, repairs, and refits including technologically advanced vessels, announced its Q2FY26 financial results with a fall in profitability.
Financial Highlights:
- Revenues declined 13.31% year-on-year to ₹951 crore from ₹1,097 crore.
- Total expenses rose slightly by 0.75% to ₹938 crore from ₹931 crore.
- Consolidated net profit dropped 47.67% to ₹101 crore from ₹193 crore.
- Earnings per share declined 47.68% to ₹3.84 from ₹7.34.
The profit decline was primarily due to lower revenue from shipbuilding activities despite controlled expenses. CSL continues to focus on advanced ship construction and export markets.
Outlook:
Cochin Shipyard is targeting enhanced operational efficiencies, order book growth, and technological innovations to improve its financial performance as market conditions recover.
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