Cochin Shipyard Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated annual net profit of Rs. 71,673.95 lakhs on a total income of Rs. 5,43,169.37 lakhs. Additionally, the Board has recommended a final dividend of Rs. 1.5 per equity share, subject to approval at the upcoming Annual General Meeting.
Financial Performance Overview
For the financial year ended March 31, 2026, Cochin Shipyard Limited recorded a consolidated total income of Rs. 5,43,169.37 lakhs compared to Rs. 5,20,902.38 lakhs in the previous fiscal year. The consolidated net profit for the year stood at Rs. 71,673.95 lakhs. On a standalone basis, the company reported a total income of Rs. 4,71,226.27 lakhs and a net profit of Rs. 64,304.34 lakhs for the same period.
Dividend Recommendation
The Board of Directors has recommended a final dividend of Rs. 1.5 per equity share, with a face value of Rs. 5 each for the 2025-26 financial year. This recommendation is subject to the approval of shareholders at the company’s next Annual General Meeting and will be disbursed within 30 days of its declaration.
Strategic Project Developments
The company continues to advance its major infrastructure initiatives, including the International Ship Repair Facility and the New Dry Dock. During the fiscal year, significant capital expenditure was dedicated to these projects, with Rs. 18,060.36 lakhs capitalized for the former and Rs. 4,462.18 lakhs for the latter. Furthermore, the company is actively engaged in discussions regarding the repurposing of two passenger vessels originally contracted for the Andaman & Nicobar Administration, aiming to modify them for current administrative requirements.
Segment Reporting
The company operates primarily through its Ship Building and Ship Repair segments. The Ship Building segment contributed Rs. 3,36,556.50 lakhs to the consolidated revenue, while the Ship Repair segment generated Rs. 1,65,630.45 lakhs. The Board also noted that while the company continues to work under the guidance of the government, it faces non-compliance regarding the constitution of certain board committees due to the vacancy of independent director positions, a matter currently being addressed with the government.
Source: BSE
