Cochin Shipyard shares fall 8% as Q2 net profit halves to ₹54 crore; check dividend, record date details

The shipbuilding company reported a consolidated net profit of ₹54 crore in the second quarter of the financial year 2026-27 (Q2 FY27), registering a decline of 50% from ₹108 crore during the same period last year.

Its revenue from operations for the quarter, however, increased 12% to ₹1,249 crore as against ₹1,119 crore in the year-ago period. The public sector firm’s total expenses rose to ₹1,257 crore in the reporting quarter from ₹1096 crore in the year-ago period.

The company posted a fall in operational performance in Q2 as its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 31% to ₹51 crore from ₹74 crore in the same period of the previous fiscal year.

Its operating profit margin, also known as EBITDA margin, contracted to 4.04% from 6.57% in the corresponding period last year. 

Dividend details

Along with its earnings, Cochin Shipyard’s board of directors approved an interim dividend of ₹3 per fully paid-up equity share of ₹5 each (60%) for FY27. It has fixed November 16 as the record date for the dividend payout.

Further, the company said that the dividend will be paid to the eligible shareholders on December 9, 2026.

FY27 guidance

In September, at the company’s investor call, Cochin Shipyard’s management had said that it expects the firm’s EBITDA margin to be about 14% in FY27, in contrast to 17% it recorded in the April-June quarter of the current fiscal year and 16% in the 2025-26 fiscal year (FY27).

Furthermore, Cochin Shipyard’s management estimated its shipbuilding margins to stand between 10% and 12% and its ship repair margins to remain between 22% and 24% in FY27. The company added that historically its higher margins were bolstered by high-margin nominated orders and interest income on surplus cash.

Additionally, the firm said that it expects its revenue to grow at 12% in FY27, with the potential to increase to 15%. The company expects its shipbuilding business to be about 70% of its revenue mix, with ship repair standing at 40%.

The company had an unexecuted order book of approximately ₹22,000 crore and is the lowest bidder (L1) for the next-generation survey vessels worth about ₹5,000 crore.

Cochin Shipyard share price trends

At 11:18 AM, Cochin Shipyard shares were trading at ₹1,212.3 apiece on the National Stock Exchange, falling 6.02%.

From the beginning of the year, Cochin Shipyard shares have slipped 23%. Over a month’s time, the stock has lost 2%, while for a six-month period, it has tumbled 29%.

Shares of the firm had hit a 52-week high of ₹1,842.80 on May 8, 2026, and a 52-week low of ₹1,101.20 on October 27, 2026.

According to NSE data, as of November 11, 2026, Cochin Shipyard has a total market capitalisation of ₹31,898.54 crore.