Defence Stock Crashes 8% After Reporting 50% YoY Decline in Net Profit
India, Nov. 11 -- The shares of the Mid-cap company, which specializes in the end-to-end construction, design, and complex lifecycle repair of both heavy defense and commercial vessels, are in the spotlight as they have fallen by 8 percent in today's trade after its Q2 results.
With a market capitalization of Rs. 31,342.13 crores in the day's trade, the shares of Cochin Shipyard Ltdfell upto 7.9 percent, reaching a low of Rs. 1,186.75 per share compared to its previous closing price of Rs. 1,289.00 per share.
Q2 Results
Revenue from Operations increased by 11.6 percent YoY, from Rs. 1,119 crore in Q2 FY26 to Rs. 1,249 crore in Q2 FY27. It also increased by 14.2 percent QoQ, from Rs. 1,094 crore in Q1 FY27 to Rs. 1,249 crore in Q2 FY27...
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