Cochin Shipyard has announced that it has signed a memorandum of understanding (MoU) with AP Moller-Maersk to explore potential collaborations in ship repair, maintenance, and shipbuilding across India. The MoU includes areas of cooperation such as sharing technical expertise to meet global standards in ship maintenance, exploring opportunities for ship repairs, dry docking, and new shipbuilding projects, as well as offering joint training programs focused on responsible practices and skill development for both Cochin Shipyard and Maersk seafarers.
The partnership is expected to boost margins, with Cochin Shipyard set to benefit from the repair order of the INS Vikramaditya ship, following the successful completion of the INS Vikrant repair project, which is expected to remain impactful until Q1FY26. Cochin Shipyard also reported a 27.6% decrease in its net profit for the third quarter, falling to ₹177 crore compared to ₹244.4 crore the previous year. However, its revenue from operations increased by 8.6%, reaching ₹1,147.6 crore from ₹1,056.4 crore in the same period last year.
Operating profits saw a decline of 23.4%, with EBITDA falling to ₹237.4 crore from ₹310.1 crore, resulting in a decrease in EBITDA margin from 29.4% to 20.7%. The company’s board of directors declared a second interim dividend of ₹3.5 per equity share of ₹5 face value for the financial year ending March 31, 2025. This is in addition to the interim dividend of ₹4 per share declared on November 7, 2024.
Cochin Shipyard Limited (CSL) is one of India’s premier shipbuilding and maintenance facilities, playing a crucial role in the country’s maritime sector. Established in 1972 and headquartered in Kochi, Kerala, CSL specializes in the construction, repair, and maintenance of a wide range of vessels, including commercial ships, defense vessels, offshore support ships, and specialized vessels.
The shipyard has built India’s first Indigenous Aircraft Carrier (INS Vikrant), marking a significant milestone in the nation’s naval capabilities. Over the years, CSL has expanded its capabilities, delivering high-quality vessels for both domestic and international clients. It has also ventured into green shipbuilding technologies and is actively involved in developing zero-emission vessels, demonstrating its commitment to sustainability.
Beyond shipbuilding, Cochin Shipyard is a leader in ship repair services, catering to the Indian Navy, Coast Guard, and commercial shipping industries. Its modern facilities, including a dry dock for large vessels and an upcoming International Ship Repair Facility (ISRF), reinforce its position as a strategic maritime hub. CSL has also been actively collaborating with global partners to enhance its technological expertise and expand its service offerings. With a focus on innovation, efficiency, and sustainability, the company continues to strengthen India’s maritime industry, contribute to economic growth, and support the government’s Atmanirbhar Bharat (self-reliant India) initiative.
