Cochin Shipyard share price: Cochin Shipyard shares came under heavy selling pressure on Wednesday, November 11, after the defence PSU reported a sharp decline in its September quarter earnings. Despite an 11.7% increase in revenue, the company's consolidated net profit nearly halved year-on-year, with higher expenses and losses in its shipbuilding business weighing on performance.
The stock tumbled 8% to an intra-day low of ₹1,186.75. This marked a steep retreat from its 52-week high of ₹1,843.60, recorded in May 2026, although it remained above its 52-week low of ₹1,101.25 touched in October 2026.
The recent correction has been substantial, with the stock losing 2% over one month, 19% over three months, 29% over six months and 31% over one year. However, its long-term performance remains strong, with Cochin Shipyard delivering multibagger returns of 545% over five years.
The September quarter exposed a sharp divergence between Cochin Shipyard's revenue growth and profitability. The Miniratna PSU reported consolidated net profit of ₹53.77 crore in Q2 FY27, down nearly 50% from ₹107.53 crore in the corresponding quarter of the previous financial year.
Revenue from operations, however, grew 11.7% year-on-year to ₹1,249.19 crore during July-September 2026, compared with ₹1,118.59 crore in Q2 FY26. Total income increased 6.9% to ₹1,331.81 crore from ₹1,245.88 crore in the year-ago quarter.