New Delhi, Aug. 14 -- Cochin Shipyard, a leading shipbuilding and repair yard in India, released its financial performance for the June quarter today, post market hours, reporting a 19.4% year-on-year decline in consolidated net profit to Rs.151.45 crore, compared with Rs.188 crore in the corresponding quarter last year.

The decline in profitability was primarily driven by lower revenue across both shipbuilding and ship-repair segments, coupled with a weaker segment mix.

On a sequential basis, the net profit came in lower as it declined by 45.2% from Rs.276.48 crore in the March quarter, while the revenue fell 26.3%.

Its revenue from operations rose 2.4% YoY to Rs.1,094.21 crore, from Rs.1,068.59 crore in Q1 FY26.

The pressure was vis...