Cochin Shipyard’s stock slipped more than 4% in today’s trade after the company posted a softer set of numbers for the September quarter. Investors reacted negatively as both profitability and margins came under pressure on a year-on-year basis. As of 9:20 AM, the shares were trading 4.46% lower at Rs 1,712.00.
For Q2, the company reported consolidated revenue of ₹1,119 crore, showing a decline of 2.2% compared to ₹1,143 crore in the same quarter last year. The hit was more visible on the operating front, with EBITDA falling sharply by 62.7% to ₹73.6 crore from ₹197 crore a year earlier. As a result, the EBITDA margin dropped to 6.6% from 17.3%, highlighting a significant squeeze in operating efficiency.
The bottom line also weakened. Net profit dipped 43.1% to ₹108 crore versus ₹189 crore last year.
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