The material costs had been going up, steel prices, copper prices, and there have been project delays, COVID related and otherwise so that whole thing was hitting us pretty badly.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.