Mumbai, Jan. 29 -- Profit before tax declined 18.6% YoY to Rs 196.78 crore in Q3 FY26, compared with Rs 241.86 crore in the corresponding quarter last year.

Total expenses jumped 28.52% YoY to Rs 1,224.77 crore during the quarter. The cost of materials consumed was at Rs 596.80 crore (up 16.31% YoY), while employee benefits expenses stood at Rs 123.32 crore (up 19.54% YoY) during the period under review.

On the segmental front, revenue from shipbuilding stood at Rs 1,013.12 crore (up 56.49% YoY), while revenue from ship repair stood at Rs 337.29 crore (down 32.57% YoY) during the quarter.

Meanwhile, the company declared a second interim dividend of Rs 3.50 per equity share for FY26, with 3 February 2026 set as the record date. The divi...