Cochin Shipyard Profit Dips 18% Despite Revenue Growth; Eyes Electric Ships, Europe Expansion

• Cochin Shipyard Ltd reported an 18.3% year-on-year decline in net profit to ₹144.6 crore for the December quarter.
• Revenue for the quarter increased by 17.7% year-on-year, reaching ₹1,350.4 crore, indicating strong project execution.
• EBITDA fell 21.5% to ₹186.6 crore, causing the operating margin to shrink significantly from 20.7% to 13.8%.
• The company announced a second interim dividend of ₹3.50 per equity share for FY26, payable by February 26, 2026.
• Strategic moves include a JV with HBL Engineering for electric marine technology and acquiring a 23% stake in Netherlands-based Conoship International Holding BV for European market expansion.

Why It Matters: Cochin Shipyard's profit fell despite higher revenue, but strategic investments signal future growth in electric marine and Europe.