Mazagon Dock Shipbuilders Ltd reported a robust Q2 FY2026 performance with ₹29.29 billion in consolidated revenue and ₹7.49 billion in net profit. The board declared an interim dividend of ₹6 per share, reflecting strong execution and a healthy order book in India’s defence shipbuilding sector.
Mazagon Dock Shipbuilders Ltd (MDL), India’s premier defence PSU, has announced its financial results for the September quarter of FY2026. The company posted ₹29.29 billion in consolidated revenue and ₹7.49 billion in net profit, driven by steady execution of naval and commercial shipbuilding contracts. The results mark a modest year-on-year growth, supported by a strong order book and operational efficiency.
In a shareholder-friendly move, the board declared an interim dividend of ₹6 per share, reinforcing MDL’s commitment to value distribution amid consistent profitability. The company continues to benefit from strategic defence contracts, including submarine refits and warship construction, which contribute to long-term revenue visibility.
Key Highlights:
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Q2 Revenue: ₹29.29 billion, reflecting stable execution across defence and commercial segments
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Net Profit: ₹7.49 billion, supported by margin discipline and order fulfillment
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Interim Dividend: ₹6 per share declared for FY2026
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Order Book Strength: Defence contracts remain the backbone of MDL’s growth
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Sector Outlook: Continued government push for indigenous naval manufacturing
Mazagon Dock’s performance underscores its strategic role in India’s maritime defence ecosystem and its ability to deliver consistent shareholder returns.
Sources: LiveMint, Moneycontrol, Business Today