Cochin Shipyard Q2 Net Profit Drops 50% Despite Revenue Growth

Cochin Shipyard reported a 50% year-on-year decline in net profit to Rs 53.8 crore for the September quarter. Despite this profit slump, the company achieved an 11.7% increase in total revenue. Additionally, the firm announced an interim dividend of Rs 3 per share for its shareholders. This performance reflects significant pressure on profit margins.