New Delhi: State-owned Cochin Shipyard Ltd (CSL) has released its financial results for the second quarter (Q2) of the financial year 2025-26, revealing a significant decline in both revenue from operations and net profit compared to the same period last year. The weaker performance triggered a negative reaction in the stock market, with CSL shares plunging by over 4.04% during Thursday’s trading session.
Revenue and Income Show Marginal Dip
For the quarter ending September 2025, Cochin Shipyard reported revenue from operations of ₹11 trillion, compared to ₹11.4 trillion in the corresponding quarter of the previous financial year (Q2FY25), reflecting a modest decline in topline growth.
The company’s total income for the quarter stood at ₹12.4 trillion, while total expenses rose to ₹10.9 trillion, up from ₹9.8 trillion in Q2FY25. The increase in expenses indicates cost pressures that have likely impacted overall profitability.
Net Profit Plunges 43% Year-on-Year
Cochin Shipyard’s consolidated net profit for Q2FY26 dropped sharply by 43%, settling at ₹10.7 trillion compared to ₹18.8 trillion in the same quarter last year.
The company’s operating margin fell to 15%, down by 9%, while its net profit margin stood at 10%, showing an 8% decline. The fall in margins points to reduced operational efficiency or increased input costs during the period under review.
Interim Dividend Declared
Despite the subdued performance, the board of Cochin Shipyard Ltd has announced an interim dividend of ₹4 per equity share of ₹5 each fully paid-up (80%) for FY2025-26.
The company has fixed Tuesday, November 18, 2025, as the Record Date for determining eligible shareholders. The dividend payment will be made on or before December 11, 2025.
Market Reaction
Following the announcement of the quarterly results, shares of Cochin Shipyard Ltd faced selling pressure and fell over 4.04% during Thursday’s trading session. Analysts attribute the decline to weaker-than-expected earnings and shrinking profit margins, despite stable revenue figures.
About Cochin Shipyard Ltd
Cochin Shipyard Ltd (CSL), headquartered in Kochi, Kerala, is one of India’s leading shipbuilding and ship repair companies under the Ministry of Ports, Shipping and Waterways. The company is involved in the construction of complex vessels, including defense ships, passenger vessels, and specialized offshore structures. Over the years, CSL has played a key role in strengthening India’s maritime infrastructure and defense capabilities, while also expanding its footprint in ship repair and international projects.
