New Delhi: Cochin Shipyard Limited (CSL) reported a 50 per cent year-on-year decline in consolidated net profit to Rs 53.77 crore for the quarter ended 30 September 2026, compared with Rs 107.52 crore in the corresponding quarter of the previous financial year.
Despite the fall in profit, the company's total income increased to Rs 1,331.81 crore in the second quarter of FY27, against Rs 1,245.88 crore in the year-ago period, according to its regulatory filing.
The shipbuilding company's total expenses rose to Rs 1,256.71 crore during the quarter, compared with Rs 1,095.97 crore in the corresponding period last year.
Board Approves Interim Dividend
Alongside the financial results, CSL's Board of Directors approved an interim dividend of Rs 3 per equity share of Rs 5 each, fully paid-up, for the financial year 2026-27. The dividend represents a payout of 60 per cent of the face value of each share.
The company's latest results show higher income alongside an increase in expenses, while its consolidated net profit declined compared with the same quarter last year.
