I do not think we are seeing that many price cuts going ahead. So we could see expansion of the operating profit margins as well. And that in turn leads to higher return on capital employed and that in turn justifies higher price to earnings multiples.
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.