ICICI Securities Ltd | Retail Equity Research Cochin Shipyard Ltd reported strong Q3FY18 numbers. Shipbuilding and shiprepair segment contributed 66.3% and 33.7% respectively to the topline of the company. For the quarter, shipbuilding segment reported abnormally high EBIT margins of 32.4% (normal margins 815%) whereas the shiprepair segment reported muted EBIT margins of 13.9% (normal margins 25-35%). Higher margin in shipbuilding segment was due to execution of fixed part' portion in the IAC. Revenue increased 5.7% YoY to | 615 crore. We expected revenues of...