The shares of Cochin Shipyard fell over 4 per cent on Thursday after the company reported a 43.1 per cent decline in its second-quarter profit.

The shares of the company closed at ₹1,709, down 4.63 per cent on the NSE.

The state-controlled shipbuilder reported a net profit of ₹107.5 crore for the quarter, a sharp fall from ₹188.9 crore in the corresponding period last year.

The company’s total income for the quarter edged up marginally to ₹1,246 crore from ₹1,244 crore a year ago. However, revenue from operations slipped to ₹1,119 crore compared with ₹1,143 crore in the same period last year.

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Of the total revenue, the company’s shipbuilding division contributed ₹759 crore, down from ₹860 crore a year earlier, an 11.7 per cent decline. In contrast, revenue from ship repair rose to ₹360 crore from ₹283 crore.

Cochin Shipyard also declared an interim dividend of ₹4 per equity share of face value ₹5 each for the financial year 2025–26.

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