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Informist, Friday, May 1, 2026

By Arundathi A R

MUMBAI – Mazagon Dock Shipbuilders Ltd.'s consolidated bottom line surged two-fold on year in the March quarter as the company's total expenses showed only a moderate growth. While the bottom line posted the highest on-year growth in seven quarters, its top line growth was the highest in five quarters.

Mazagon Dock Shipbuilders reported a consolidated net profit of INR 6.79 billion for Jan-Mar, significantly higher from the INR 3.25 billion reported in the year-ago quarter, but down nearly 23% sequentially. The warship and submarine manufacturer's consolidated revenue from operations for the quarter stood at INR 38.50 billion, up over 21% on year. On a sequential basis, the top line grew almost 7%.

Though there was a rise of nearly 69% on year in the company's input costs during the quarter, a 23% fall in its employee expenses and nearly 30% fall in subcontract expenses moderated the growth in total expenses. Total expenses of the company grew only 8% on year to INR 33.40 billion, lower from nearly the 20% on-year rise in the March quarter a year ago. In the trailing quarter, total expenses of the company recorded a nearly 16% rise on year.

Consolidated earnings before interest tax, depreciation, and amortisation for the three-months ended March were INR 8.26 billion, higher than INR 4.06 billion in the year-ago quarter.

For the year ended March, the company reported a consolidated net profit of INR 25.83 billion, up 7% on year. Its revenue from operations was INR 130.06 billion. This was a growth of nearly 14% on year.

As of Mar. 31, the company's total order book was at INR 205.35 billion. Mazagon Dock has declared a final dividend payment of INR 4.62 per share for 2025-26 (Apr-Mar). 

Thursday, shares of the company ended over 1% lower at INR 2,733.20 on the National Stock Exchange. End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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