Consolidated revenue increased 14.6% YoY to Rs. 3,601cr in Q3FY26, driven by the delivery of P17A frigates Taragiri and an accelerated execution rate. The total order book declined to Rs. 23,758cr in Q3FY26 from Rs. 34,787cr in Q3FY25 and Rs. 27,415cr in Q2FY26. EBITDA rose 8.6% YoY to Rs. 887cr, but EBITDA margin contracted 140bps YoY to 24.6% on account of higher cost of sales. Cost of sales increased 57.2% YoY to Rs. 2,082cr, mainly owing to a 76.8% YoY rise in the cost of materials consumed....