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Informist, Monday, Oct. 27, 2025

 

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--Mazagon Dock Jul-Sept consol PAT INR 7.49 bln vs INR 5.85 bln year ago 
--Mazagon Dock Jul-Sept consol revenue INR 29.29 bln vs INR 27.57 bln yr ago 
--Mazagon Dock to pay INR 6 per share interim dividend 
--Mazagon Dock interim dividend record date is Nov 4 
--Mazagon Dock Apr-Sept consol PAT INR 12.02 bln vs INR 12.81 bln year ago 
--Mazagon Dock Apr-Sept consol revenue INR 55.55 bln vs INR 51.14 bln yr ago 

 

By Arya S. Biju

 

MUMBAI – After reporting an on-year fall in the last two quarters, Mazagon Dock Shipbuilders Ltd.'s bottom line saw a double-digit on-year rise in the September quarter, supported by an on-year fall in raw material costs, employee benefit expenses and a mid-single digit on-year rise in sales. The company's total expenses fell slightly on year in the reporting quarter after rising for four straight quarters. 

 

The warships and submarines manufacturer's consolidated net profit for the reporting quarter grew over 28% on year and around 66% sequentially to INR 7.49 billion. This was higher than the INR 6.77 billion estimated by Nirmal Bang Equities. The company had reported a 35% and nearly 51% on-year fall its bottom line in the past two quarters. The company's consolidated revenue for the three-months ended September rose over 6% on year and 11% on quarter to INR 29.29 billion, but failed to meet the INR 30.88 billion estimated by the brokerage.

 

The company's total expenses for the quarter ended September fell 0.4% on year and around 5% sequentially to INR 22.66 billion, primarily driven by a fall in raw material cost and employee benefit expenses offsetting the rise in its costs related to the purchase of stock-in-trade. The company's largest expense, raw material cost, fell 12% on year to INR 12.01 billion for the quarter. Raw material cost accounted for 53% of the company's total sales in the reporting quarter.

 

Mazagon Dock's expenses related to employee benefit, which accounts for 10% of its total costs, fell over 3% on year to INR 2.23 billion. On the other hand, expenses related to the purchase of stock-in-trade, which accounts for 22% of the total costs, jumped over 47% on year to INR 4.99 billion. The fall in total expenses was also supported by a provision reversal of INR 251.5 million for the September quarter. In the corresponding quarter a year ago, the company had reported a provision of INR 579.2 million. Its tax expenses for the reporting quarter rose over 19% on year to INR 2.24 billion. 

 

For the half-year ended September, the company reported a consolidated net profit of INR 12.02 billion, down over 6% on year. Its consolidated revenue for the same period, however, grew nearly 9% on year to INR 55.55 billion. 

 

Along with quarterly earnings, the company declared its first interim dividend of INR 6 per share for 2025-26 (Apr-Mar). The company has fixed Nov. 4 as the record date for the interim dividend. Mazagon Dock announced its September quarter earnings post market hours Monday. Ahead of the earnings, shares of the company closed marginally higher at INR 2,810.40 on the National Stock Exchange.  End 

 

Edited by Deepshikha Bhardwaj

 

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