Cochin Shipyard Q2 net profit halves to Rs 54 crore; declares dividend
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Cochin Shipyard reported a nearly 50 percent decline in consolidated net profit at Rs 54 crore for the September quarter.
- ✓While profits fell, revenue from operations rose nearly 12 percent to Rs 1,249 crore.
- ✓The company also declared an interim dividend of Rs 3 per share for the current year.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol.com
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
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.
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