Cochin Shipyard Limited reported Q3 FY26 consolidated net profit of Rs 1.45 billion, down 18% year-on-year, while revenue rose 17.6% to Rs 13.5 billion. The board declared an interim dividend of Rs 3.5 per share and approved a joint venture with HBL Engineering, alongside strategic acquisitions.
Cochin Shipyard Limited (CSL), India’s leading shipbuilding and maintenance PSU, announced its financial results for the third quarter of FY26. Despite a decline in profit, the company posted strong revenue growth and unveiled significant strategic initiatives.
Key Highlights
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Net profit stood at Rs 1.45 billion, compared to Rs 1.77 billion in Q3 FY25, reflecting an 18% decline due to higher expenses.
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Revenue from operations rose to Rs 13.5 billion, marking a 17.6% increase year-on-year, driven by robust execution of shipbuilding and repair contracts.
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Total expenses surged 28% to Rs 12.24 billion, impacting margins.
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The board declared a second interim dividend of Rs 3.5 per equity share, with record date set for February 3, 2026.
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CSL approved a joint venture with HBL Engineering to develop green marine technologies, reinforcing its sustainability focus.
Additionally, CSL announced acquisition of a 23% stake in Conoship Netherlands, strengthening its global footprint in ship design and innovation.
For the nine-month period (April–December 2025), consolidated net profit stood at Rs 4.4 billion.
Sources: Mint, NDTV Profit, Business Standard