Cochin Shipyard on Tuesday reported a nearly 50 percent decline in consolidated net profit at Rs 54 crore for the September quarter of the current financial year, compared with Rs 108 crore in the year-ago period.
The company's net profit also declined by more than 64 percent sequentially from the June quarter.
However, revenue from operations rose nearly 12 percent to Rs 1,249 crore in the quarter under review from Rs 1,118.6 crore in the corresponding period of the previous fiscal, the company said in an exchange filing.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 30.7 percent year-on-year to Rs 51 crore from Rs 73.6 crore a year ago.
EBITDA margin also contracted to 4.1 percent in the September quarter from 6.6 percent in the year-ago period.
The company's total income rose to Rs 1,332 crore in the reported quarter, from Rs 1,246 crore in the July-September quarter of FY26.
Cochin Shipyard's total expenses rose to Rs 1,257 crore in the September quarter of this fiscal, from Rs 1,096 crore in the same period a year ago.
The company's board of directors has declared an interim dividend of Rs 3 per equity share of Rs 5 each, representing a 60 percent payout, for the financial year 2026-27.
The board, at its meeting held on November 10, 2026, fixed November 16 as the record date for determining shareholders eligible to receive the interim dividend.
The dividend will be paid to eligible shareholders on or before December 9, 2026, the filing said.
Cochin Shipyard is one of the leading shipbuilding and repair yards in India. It also has an exclusive area set for offshore construction and future expansion.
Shares of the company settled higher in the previous session at Rs 1,290 per share on the NSE, up 4.33 percent.
