Cochin Shipyard shares crash 8%: Defence PSU stock Q2 profit drops 50% but declares ₹3 dividend- Still a stock to buy?
60-Word AI Digest
Cochin Shipyard shares fell 8% after Q2 FY27 net profit nearly halved to ₹53.77 crore, despite revenue rising 11.7%. Higher expenses and a loss in shipbuilding weighed on results. The company announced a ₹3 interim dividend.
Key Takeaways
- Cochin Shipyard shares fell 8% after Q2 FY27 net profit nearly halved to ₹53.77 crore, despite revenue rising 11.7%.
- Higher expenses and a loss in shipbuilding weighed on results.
- The company announced a ₹3 interim dividend.
Cochin Shipyard shares fell 8% after Q2 FY27 net profit nearly halved to ₹53.77 crore, despite revenue rising 11.7%. Higher expenses and a loss in shipbuilding weighed on results. The company announced a ₹3 interim dividend.
Original Publisher Attribution
This summary was curated from Livemint.