Coda Octopus (CODA) Q2 FY26 earnings call

A margin-led quarter: geopolitical disruption in the Middle East cut into the Marine core, yet a richer rental and services mix plus FX-aided cost discipline lifted profitability against roughly flat total revenue. Management frames the demand hit as timing rather than structural, and leans on defense milestones — Navy Use approval, NANO GEN vehicle traction and an active M&A pipeline — to anchor a shift toward recurring, program-based adoption.