Cochin Shipyard profit down 18% despite higher revenue, plans electric ship project and Europe expansion

Cochin Shipyard Ltd reported a mixed performance for the December quarter, with profitability coming under pressure despite healthy topline growth. Net profit declined 18.3% year-on-year to ₹144.6 crore, compared with ₹177 crore in the same period last year.

Revenue for the quarter rose 17.7% year-on-year to ₹1,350.4 crore, reflecting steady execution across projects. However, EBITDA fell 21.5% to ₹186.6 crore from ₹237.6 crore a year earlier, leading to a sharp contraction in operating margin to 13.8%

from 20.7%.

Ahead of the earnings announcement, shares of Cochin Shipyard closed 7.1% higher at ₹1,631 on the NSE.

The company declared a second interim dividend of ₹3.50 per equity share for FY26, with February 3, 2026 set as the record date. The dividend will be paid on or before February 26, 2026.

During the quarter, the board approved the formation of a joint venture with HBL Engineering to develop electric mobility technology and energy storage solutions for the marine sector.

It also cleared the acquisition of a 23% stake in Netherlands-based Conoship International Holding BV, aimed at strengthening its footprint in the European market through access to advanced ship design capabilities.