State-run Cochin Shipyard reported mixed financial results for the fourth quarter of financial year 2025-26. According to the latest audited financial results approved by the company's Board of Directors, the company's consolidated net profit declined 3.7% year-on-year to ₹276.48 crore in Q4 FY26, compared to ₹287.19 crore in Q4 FY25. However, the company showed improvement in operational efficiency with EBITDA rising 16.6% YoY to ₹310 crore from ₹266 crore in the previous year. The EBITDA margin expanded significantly to 20.9% in Q4 FY26 versus 15.1% in Q4 FY25, indicating better cost management and operational leverage. For the full financial year FY26, the company reported a consolidated profit of ₹716.74 crore, down 13.5% from ₹827.33 crore in the previous financial year, while revenue from operations increased 4.2% to ₹5,021.87 crore from ₹4,819.96 crore in FY25.
The company's revenue fell 15.6% YoY to ₹1,484 crore in Q4 FY26 compared to ₹1,758 crore in Q4 FY25, as reported by ET Now. Despite the revenue decline, Cochin Shipyard demonstrated improved profitability through better cost control and operational efficiency. The EBITDA margin expansion of 580 basis points shows the company's ability to maintain profitability while facing revenue headwinds, suggesting effective cost management strategies during the quarter. The company noted that higher expenses during FY26, particularly towards subcontracting costs, employee benefits and finance expenses, impacted profitability despite the modest revenue growth.
The Board of Cochin Shipyard announced a final dividend of ₹1.5 per equity share for financial year 2025-26, subject to approval at the ensuing Annual General Meeting. According to the exchange filing reported by ET Now, the dividend is payable on equity shares with face value of ₹5 each. The company has committed to paying the final dividend within 30 days from the date of declaration at the AGM, providing clarity to shareholders on the timeline for dividend distribution. The proposed dividend is subject to shareholder approval at the upcoming Annual General Meeting.
The company 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 board meeting to approve the results was held between 3:00 pm and 5:45 pm on May 15, as reported by Zee Business. The quarterly performance comes amid continued execution of shipbuilding and ship repair projects across domestic and export markets, reflecting the company's operational resilience despite the challenging financial environment.
