Cochin Shipyard Shares Fall 7% as Q2 Profit Halves
Shares fell as much as 7% on Wednesday after profitability deteriorated in the September quarter. The shipbuilding division reported a Rs 6 crore loss before interest and tax.
Despite the increase in revenue, the shipbuilding division reports a profit before interest and tax loss of Rs 6 croreShares of Cochin Shipyard fell as much as 7 per cent on Wednesday, 11 November, after a sharp deterioration in profitability during the September quarter raised concerns over execut…