Cochin Shipyard (COCHINSHIP) Q3 25/26 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, were approved, showing strong revenue and profit growth year-over-year.

• A second interim dividend of Rs. 3.50 per equity share was declared, with a record date of February 3, 2026.

• The Board approved a joint venture with HBL Engineering Limited for electric mobility and energy storage in the marine sector.

• Acquisition of 23% equity in Conoship International Holding B.V. (Netherlands) to expand design capabilities and European market presence.

Financial highlights

• Consolidated revenue from operations for Q3 FY26 was Rs. 135,040.99 lakhs, up from Rs. 114,763.55 lakhs in Q3 FY25.

• Consolidated net profit for Q3 FY26 was Rs. 14,467.22 lakhs, compared to Rs. 17,699.00 lakhs in Q3 FY25.

• For the nine months ended December 31, 2025, consolidated revenue was Rs. 353,759.17 lakhs and net profit was Rs. 44,002.82 lakhs.

• Standalone revenue for Q3 FY26 was Rs. 116,537.22 lakhs, with net profit at Rs. 13,768.73 lakhs.

• Earnings per share (consolidated, basic) for Q3 FY26 was Rs. 5.50; for nine months, Rs. 16.73.

Outlook and guidance

• The company expects to benefit from the joint venture in electric mobility and energy storage, and the Conoship acquisition is anticipated to enhance technology and market access.

• No new fundraising through US$-denominated notes due to favorable domestic borrowing conditions.