Cochin Shipyard on Tuesday reported a nearly 50 percent decline in consolidated net profit at Rs 54 crore for the September quarter of the current financial year, compared with Rs 108 crore in the year-ago period.
The company's net profit also declined by more than 64 percent sequentially from the June quarter.
However, revenue from operations rose nearly 12 percent to Rs 1,249 crore in the quarter under review from Rs 1,118.6 crore in the corresponding period of the previous fiscal, the company said in an exchange filing.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 30.7 percent year-on-year to Rs 51 crore from Rs 73.6 crore a year ago.
EBITDA margin also contracted to 4.1 percent in the September quarter from 6.6 percent in the year-ago period.