The PSU defence company also declared an interim dividend of Rs 3.50 per equity share for the financial year FY26 and has fixed Tuesday, February 3, 2026 as the record date for the interim dividend. It will pay the dividend to the shareholders on or before February 26, 2026.
Among other key decisions, Cochin Shipyard board approved the proposal for forming a joint venture company with HBL Engineering Limited for the purpose of developing electric mobility technology and energy storage solutions in the marine space.
It also approved the proposal for acquisition of 23% equity shares of Conoship International Holding B.V. (Conoship), Netherlands with the objective of establishing a footprint in the European market through access to European ship design capabilities.
The profit after tax (PAT), though, climbed 35% on a sequential basis versus Rs 108 crore in Q2FY26 while the topline increased by 21% quarter-on-quarter compared to Rs 1,119 crore.
The company incurred expenses of Rs 1,225 crore in Q3FY26, up 29% on a YoY basis against Rs 953 crore in the year ago period. It was up 12% QoQ versus Rs 1,096 crore in Q2FY26. The expenses were made on the cost of materials consumed, finance cost and employee benefit expenses, among other things.
The company’s debt-to-equity ratio in Q3FY26 stood at 0.17 versus 0.10 in Q2FY26 and 0.01 in Q3FY25.Also read: Larsen & Toubro Q3 Results: Cons PAT drops 4% YoY to Rs 3,215 crore on one-time provision, but revenue grows 10%
Segment revenue
— Ship building: The revenue stood at Rs 1,013 crore in Q3FY26 versus Rs 759 crore in Q2FY26 and Rs 647 crore in Q3FY25.
— Ship repair: The revenue stood at Rs 337 crore in Q3FY26 versus Rs 360 crore in Q2FY26 and Rs 500 crore in Q3FY25.
— Unallocated: The revenue stood at Rs 711 crore in Q3FY26 versus Rs 127 crore in Q2FY26 and Rs 468 crore in Q3FY25.
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