Cochin Shipyard’s board has approved an interim dividend of ₹3.50 per equity share for the financial year 2025-26. They’ve also greenlit a joint venture with HBL Engineering Limited to focus on electric mobility technology and energy storage solutions for marine applications, as well as the acquisition of a 23% stake in Conoship International Holding B.V. in the Netherlands.
Interim Dividend Declared
The Board of Directors has declared an interim dividend of ₹3.50 per equity share (70% on a face value of ₹5) for the financial year 2025-26. The record date for determining eligible shareholders is February 3, 2026, and the dividend will be paid on or before February 26, 2026.
Joint Venture for Electric Mobility
A new joint venture company will be formed with HBL Engineering Limited. The goal is to develop electric mobility technology and energy storage solutions specifically tailored for the marine sector. More details are in Annexure I.
Acquisition in the Netherlands
Cochin Shipyard will acquire a 23% equity stake in Conoship International Holding B.V. (Netherlands). This move aims to establish a presence in the European market and gain access to European ship design capabilities. Further information is available in Annexure II.
Financial Performance Highlights (Q3 2025-26)
Cochin Shipyard reported a standalone revenue from operations of ₹1,165.37 crore for Q3 2025-26 (Oct-Dec), with a total income of ₹1,238.76 crore. The profit after tax (PAT) for the quarter stood at ₹137.69 crore. For the nine months ended December 31, 2025, the cumulative standalone revenue from operations was ₹3,094.09 crore and the PAT was ₹426.64 crore.
The consolidated revenue from operations for Q3 2025-26 reached ₹1,350.41 crore with a total income of ₹1,421.55 crore. The consolidated profit after tax was ₹144.67 crore. For the nine months period, the consolidated revenue from operations was ₹3,537.59 crore and PAT stood at ₹440.03 crore.
Annexure I: Joint Venture Details
The joint venture with HBL Engineering Limited is intended to capitalize on developing indigenous capabilities and products for the marine sector in line with the “Aatmanirbhar Bharat” vision. The shareholding pattern will be HBL: 60% and CSL: 40%.
Annexure II: Conoship Acquisition Details
The acquisition of 23% equity in Conoship International Holding B.V. will facilitate access to the European Coastal and Short Sea shipping market, benefiting from their advanced design solutions. Conoship’s Group Turnover for 2024 was 4 Million Euros (excluding intercompany adjustments) and Net Profit stood at 0.22 Million Euros. The acquisition is expected to be completed within 6 months, pending necessary regulatory approvals.
Source: BSE
