Mazagon Dock Q1 Results: Net profit falls 35% YoY at ₹452 crore, revenue rises 11%

Mazagon Dock on Monday, July 28, reported a 35% year-on-year (YoY) decline in its net profit for the first quarter of the current fiscal year (Q1 FY26) to ₹452 crore as compared to ₹696 crore posted in Q1 FY25. On a quarter-on-quarter (QoQ) basis, its net profit rose around 39% from ₹325 crore in Q4 FY25.

The company's revenue from operations stood at ₹2,626 crore in the reporting quarter, up 11.4% YoY from ₹2,357 crore in the year-ago period. Sequentially, its revenue declined 26% from ₹3,174 crore reported in Q4FY25.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) was at ₹302 crore in Q1 FY26, marking a significant 53% decline from ₹642 crore in the same quarter of the previous year. Margin stood at 11.4% in Q1 FY26 against 27.2% in Q1 FY25.

Mazagon Dock's employee costs stood at ₹249 crore during the reporting quarter, up 10% YoY. Its sub-contracting expenses for Q1 FY26 were at ₹193 crore, up from ₹176 crore posted in the year-ago period.

Share price details

Shares of Mazagon Dock Shipbuilders ended 3.35% down at ₹2,789.9 apiece on the NSE on Monday, July 28. The stock touched an intraday high of ₹185.62 per share during the session. The company's market capitsalisation stands at ₹1,12,655.97 crore.

In the past five days, shares of Mazagon Dock Shipbuilders have dropped as much as 6.93%. Over the previous month, the stock has declined by 13.92%.

The scrip, however, has soared 20.24% in the past six months, while it is 24.47% up when seen year-to-date (YTD).

The stock hit its 52-week high of ₹3,775 per share in May 2025, while it was at its 52-week low of ₹1,918.05 apiece on February 19, 2025.

About Mazagon Dock Shipbuilders

Incorporated in 1934 as a private limited company, Mazagon Dock Shipbuilders (MDL) is one of the top shipbuilding yards in India. It was originally established in 1774. Over the years, the company has established itself as a valuable service provider to the Indian Navy & Coast Guard.

After the company was taken over by the government in 1960, Mazagon Dock quickly became the premier war-shipbuilding yard in the country, producing warships for the Navy and offshore structures for the Bombay High, as per the company's website. Since 1960, it has built a total of 805 vessels, including 30 warships, from advanced destroyers to missile boats and 8 submarines.