Cochin Shipyard shares fall 6.6% as Q2 profit halves despite revenue growth
The defence PSU reported a 50% fall in net profit for the second quarter despite revenue growth, triggering a sharp sell-off in the latest session.
The defence PSU reported a 50% fall in net profit for the second quarter despite revenue growth, triggering a sharp sell-off in the latest session. Published 2026-11-11 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in Cochin Shipyard Limited fell 6.64% on Wednesday after the company reported that second-quarter net profit nearly halved, despite revenue rising 11.7%. The state-owned shipbuilder declared a ₹3 interim dividend even as higher expenses and losses in shipbuilding weighed on results.
Profit halves as borrowings surge
Cochin Shipyard’s net profit dropped to ₹53.77 crore in the September quarter, a decline of almost 50% compared to the same period last year, according to Mint. Revenue from operations increased by 11.7% to offset some of the pressure, but CNBC-TV18 reported that borrowings rose sharply by 62% year-on-year.
The company announced a ₹3 interim dividend with a record date of November 16, as noted by Financial Express. Despite the payout, the weak operating results contributed to the stock’s decline of over 6% in the latest session, according to Zeebiz.
Stock trails sector and market benchmarks
In the same trading session, the NIFTY 50 and NIFTY Infrastructure indices both gained 0.6%, highlighting the company-specific nature of the fall. Falling Shares attributes the entire -6.4% move to company factors, with market and sector contributions adding only +0.7% and +0.1% respectively.
The stock has lost 32.0% over the past year and is currently 33.5% below its 52-week high of ₹1,842.8. It closed at ₹1,204.4, sitting 16.1% below its 200-day average, with the 50-day average having crossed below the 200-day average, a pattern known as a death cross.