Shares of Cochin Shipyard Limited declined more than 4% in early morning trade on Monday after the company reported mixed March quarter results for FY26. While the company posted an improvement in operating margins, revenue and net profit declined on a year-on-year basis.
The stock came under pressure after investors reacted to weaker earnings performance despite higher EBITDA margins.
For the quarter ended March 2026, Cochin Shipyard reported consolidated revenue of Rs 1,484 crore, down 15.6% from Rs 1,758 crore in the corresponding quarter last year.
However, EBITDA rose 16.5% YoY to Rs 310 crore compared to Rs 266 crore in the year-ago period. The company’s EBITDA margin improved sharply by 580 basis points to 20.9% from 15.1% last year, indicating better operational efficiency during the quarter.
Net profit, however, declined 31.7% YoY to Rs 175 crore against Rs 256 crore reported in the same quarter of the previous financial year.
The decline in profitability despite stronger margins weighed on investor sentiment, leading to selling pressure in the stock during early trade.