Cochin Shipyard Secures ₹5,000 Crore Navy Vessel Contract

• Cochin Shipyard Ltd (CSL) declared L1 bidder for a ₹5,000 crore Ministry of Defence tender.
• Contract involves building five Next Generation Survey Vessels (NGSVs) for the Indian Navy.
• Final award of the contract is subject to completion of necessary formalities.
• CSL's Q3 net profit declined 18.3% YoY to ₹144.6 crore, while revenue rose 17.7% to ₹1,350.4 crore.
• EBITDA fell 21.5% to ₹186.6 crore, with operating margin contracting to 13.8%.