Cochin Shipyard (COCHINSHIP) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue from operations was ₹124,919 lakh and PAT ₹5,377 lakh; H1 revenue was ₹234,341 lakh and PAT ₹20,522 lakh.

• The board declared an interim dividend of ₹3 per ₹5 share, with November 16, 2026 as the record date and payment due by December 9, 2026.

Financial highlights

• Consolidated Q2 revenue from operations rose to ₹124,919 lakh from ₹111,859 lakh YoY; PAT declined to ₹5,377 lakh from ₹10,753 lakh.

• Consolidated H1 revenue from operations was ₹234,341 lakh vs ₹218,718 lakh YoY; PAT was ₹20,522 lakh vs ₹29,536 lakh.

• Standalone Q2 revenue from operations was ₹107,379 lakh vs ₹95,130 lakh YoY; PAT was ₹4,734 lakh vs ₹10,109 lakh.

• Standalone H1 revenue from operations was ₹198,371 lakh vs ₹192,872 lakh YoY; PAT was ₹18,314 lakh vs ₹28,896 lakh.

Outlook and guidance

• Discussions with Andaman & Nicobar Administration and Lakshadweep Administration concern modifying and reallocating two unfinished passenger vessels; both administrations indicated willingness to take them over subject to modifications.

• Modification scope, commercial terms, cost reimbursement and necessary approvals remain unresolved; construction activity on the two vessels remains suspended pending finalisation.