Cochin Shipyard Share Drop 8% After Q2 Profit Falls Sharply — Provisions Jump 4x from Last Year
Cochin Shipyard Ltd. shares tumbled nearly 8% on Thursday, November 13, after the company reported disappointing September quarter (Q2) results late on Wednesday. The state-run shipbuilder’s revenue fell 13% year-on-year to ₹951 crore, missing expectations. Brokerage firms like Kotak Securities had estimated a 10% rise in revenue for the quarter. The company’s EBITDA (Earnings Before … Read more