Cochin Shipyard shares crack 7% after reporting 27% YoY decline in Q3 PAT

Cochin Shipyard shares fell 7% after reporting a 27% YoY decline in Q3 net profit to Rs 177 crore. EBITDA dropped 23% to Rs 237 crore, while revenue rose 9%. The company announced a Rs 3.5 interim dividend. Shares have dropped nearly 10% YTD despite a strong yearly gain. Cochin Shipyard shares fell 7% after reporting a 27% YoY decline in Q3 net profit to Rs 177 crore. EBITDA dropped 23% to Rs 237 crore, while revenue rose 9%. The company announced a Rs 3.5 interim dividend. Shares have dropped nearly 10% YTD despite a strong yearly gain.  Economic Times