Cochin Shipyard Q3 Results: Profit Down 28%, Revenue Up 8.6%

Cochin Shipyard Ltd.'s consolidated net profit fell 28% in the third quarter of the financial year, according to the financial results declared by the company on Thursday.

The shipbuilding firm posted a bottom line of Rs 177 crore in the December quarter, compared to Rs 244 reported in the year-ago period. Revenue rose 8.6% to Rs 1,148 crore compared to the Rs 1,056 crore in the year ago period.

• Revenue up 8.6% to Rs 1,148 crore versus Rs 1,056 crore.

• Ebitda down 23% to Rs 237 crore versus Rs 310 crore.

• Margin narrows to 20.7% versus 29.3%.

• Net profit down 27.6% to Rs 177 crore versus Rs 244 crore.