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Mazagon Dock Q2 Profit Jumps 28% as Board Clears Rs 6 Interim Dividend

The state-run shipbuilder reported double-digit profit gains, with a first interim dividend of Rs 6 per share.

Overview

  • Profit after tax rose to Rs 749 crore from Rs 585 crore a year earlier, a 28% increase.
  • Revenue increased 6% year on year to Rs 2,929 crore and 11.5% sequentially, while EBITDA climbed 26% to Rs 965 crore and PBT reached Rs 934 crore, up 26%.
  • The board approved a first interim dividend of Rs 6 per share, following release of the unaudited Q2 and H1 FY26 results.
  • The order book stood at Rs 27,415 crore as of September 30, 2025, covering major surface ship and submarine programs.
  • Shares rose up to 2% to Rs 2,881 on Tuesday, with the stock up about 50% from recent lows.