India's Cochin Shipyard (CSL) has published its financial results for the third quarter of financial year 2026.
CSL posted consolidated revenues totalling INR13.504 billion (US$150 million) compared to INR11.186 billion (US$120 million) from the same period in FY2025. Net profit meanwhile peaked at INR1.447 billion (US$16 million) compared to INR1.075 billion (US$12 million) from the corresponding period from the previous financial year.
CSL said it retains a strong financial position as indicated by a INR57.548 billion (US$630 million) net worth as of December 31, 2025.
The company reported growth in its shipbuilding segment with revenues totalling INR10.131 billion (US$110 million). However, ship repair revenues decreased slightly to INR3.373 billion (US$37 million).
Also in Q3 FY2026, the CSL board approved the company's acquisition of a 23 per cent equity stake in Conoship International, a naval architecture firm based in the Netherlands. The latter specialises in the design of a broad range of vessel types such as ferries, dredgers, offshore vessels, tankers, and cargo ships.
CSL said the acquisition of Conoship would enable it to access European coastal and short-sea shipping markets.