Cochin Shipyard Limited Posts Q2 Financial Results; Focus Remains on Strategic Vessel Contracts

Cochin Shipyard Limited Posts Q2 Financial Results; Focus Remains on Strategic Vessel Contracts​

Cochin Shipyard Limited released its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The results detail company performance across multiple segments and provide an update on critical shipbuilding projects with government administrations.

The consolidated results reflected a total income of 116,125.05 Lakhs for the quarter ended June 30, 2026 (Q2), compared to 148,427.81 Lakhs in the quarter ended March 31, 2026 (Q4 FY25) and 112,292.49 Lakhs in the quarter ended June 30, 2025 (Q2). The company registered a Profit for the period of 15,145.36 Lakhs.

The standalone results showed Total Income reaching 98,233.90 Lakhs for the same period. The operating segments reported mixed profitability across ship building, ship repair, and unallocated areas.

Financial Performance Summary (Rs in Lakhs)​

Financial performance data highlights trends in income, expenses, and profit over the past two years and the recently ended quarter.

Consolidated Results:

Standalone Results:

Operational Status of Strategic Shipbuilding Projects​

The company is executing shipbuilding contracts with the Andaman & Nicobar Administration (A&N) for two 1200-passenger vessels (yard nos. SH.0023 and SH.0024). These vessels were customized for specific operations between the Andaman Islands and Main Land.

Key details regarding these projects include:

• The contractual delivery dates, as extended, expired on April 29, 2023, for vessel SH.0023, and October 30, 2023, for vessel SH.0024.
• The A&N Administration requested that the company abate delivery activity due to seeking reallocation of the vessels to other prospective buyers. The vessels are currently considered to have no alternative use in their current state.
• The cumulative percentage of completion as of June 30, 2026, stands at 54.84 percent for SH.0023 and 55.19 percent for SH.0024.

Financial provisions related to these vessels include:


In response to the reallocation request, the company is actively engaged in discussions with the Andaman & Nicobar Administration (A&N) and the Union Territory of Lakshadweep Administration (UTLA), under the Ministry of Ports, Shipping and Waterways. Both administrations have confirmed their willingness to take over each vessel in its current under-construction state, subject to necessary modifications.

Segment Overview and Financial Strength​

The company's segments include Ship building, Ship Repair, and Unallocated revenue streams. The consolidated segment results show the following profitability:

• Ship building achieved a Profit Before Tax (PBT) of 20,248.63 Lakhs in Q2 FY26.
• Ship Repair generated 13,501.66 Lakhs in PBT for the quarter ended June 30, 2026.

The company's financial health metrics as of June 30, 2026 (Consolidated) include:


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Note: All financial figures are presented in Lakhs unless otherwise specified.

COCHINSHIP Stock Price Movement​

Cochin Shipyard Limited closed lower today after shedding 0.7%, settling at ₹1496.5. The stock saw traded volume exceeding 1.0 million shares throughout the day.