Cochin Shipyard Q4 Results: Profit slips 3.7% to Rs 276 crore; declares final dividend

Cochin Shipyard Q4FY26 Results: Cochin Shipyard Ltd (CSL) on Friday reported a 13.5 per cent decline in consolidated net profit for the financial year ended March 31, 2026, even as revenue from operations registered modest growth.

The state-run shipbuilding company posted a consolidated profit of Rs 716.74 crore for FY26, compared with Rs 827.33 crore in the previous financial year.

Total comprehensive income for the year fell 33.9 per cent to Rs 549.72 crore from Rs 831.27 crore in FY25, according to the audited financial results approved by the company’s Board of Directors.

Revenue rises over 4 per cent

Revenue from operations for FY26 increased 4.2 per cent to Rs 5,021.87 crore, compared with Rs 4,819.96 crore in the previous fiscal year.

The company, however, reported higher expenses during the year, particularly towards subcontracting costs, employee benefits and finance expenses, which impacted profitability.

Q4 profit slips

For the March quarter, Cochin Shipyard reported a consolidated net profit of Rs 276.48 crore, down 3.7 per cent from Rs 287.19 crore reported in the corresponding quarter last year.

The quarterly performance comes amid continued execution of shipbuilding and ship repair projects across domestic and export markets.

Final dividend announced

The Board of Directors recommended a final dividend of Rs 1.5 per equity share with a face value of Rs 5 each for FY26.

The proposed dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid within 30 days from the date of declaration.

Audit report remains clean

Cochin Shipyard also informed stock exchanges that its statutory auditors, M/s Babu A Kallivayalil & Co., have issued an unmodified audit opinion on the company’s financial results for FY26.

The company said the board meeting to approve the results was held between 3:00 pm and 5:45 pm on May 15.