Cochin Shipyard reports ₹145 crore Q3 profit, announces 70% dividend

KOCHI : Cochin Shipyard Limited (CSL), India’s premier shipbuilding and maintenance company under the Ministry of Ports, Shipping and Waterways, today announced its financial results for the third quarter ended December 31, 2025, along with key board decisions on shareholder returns and strategic initiatives.

Quarterly Financial Highlights

CSL posted a consolidated net profit of ₹144.67 crore for Q3 FY26, demonstrating resilient performance despite challenging conditions.

Profit declined year-on-year compared to ₹176.99 crore in Q3 of the previous fiscal period.

Revenue from operations increased to ₹1,350.41 crore, reflecting an 18% rise over the year-ago quarter.

Dividend Declaration

The Board of Directors approved a second interim dividend of ₹3.50 per equity share, equivalent to 70% on a face value of ₹5 for FY 2025-26.

Record Date: February 3, 2026.

Dividend Payment: Scheduled on or before February 26, 2026.

Strategic Board Decisions

In addition to financial results and shareholder returns, the CSL Board has approved strategic initiatives aimed at enhancing future growth and global competitiveness:

Joint Venture: Formation of a joint venture with HBL Engineering Limited to develop electric mobility technology and energy storage solutions tailored for marine applications.

Global Expansion: Approval of the acquisition of a 23% equity stake in Conoship International Holding B.V., a Netherlands-based ship design and engineering firm, to strengthen CSL’s presence in the European market and access advanced design capabilities.

Outlook

Cochin Shipyard continues to balance near-term performance with long-term strategic positioning in shipbuilding, ship repair, and emerging maritime technologies. The company’s focus on diversification and international collaboration underscores its commitment to growth amidst evolving industry dynamics.