{"id":179797,"date":"2026-02-06T06:56:26","date_gmt":"2026-02-06T11:56:26","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179797"},"modified":"2026-02-06T06:56:30","modified_gmt":"2026-02-06T11:56:30","slug":"mazagon-dock-shipbuilders-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mazagon-dock-shipbuilders-q3-fy26-earnings-results\/","title":{"rendered":"Mazagon Dock Shipbuilders Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo\/passenger ships, and offshore platforms.\u00a0<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b93,601 cr, +14.6% YoY, compared with the quarter ended Dec 31 2024.<\/li>\n\n\n\n<li><strong>EBITDA \/ Operating Profit:<\/strong> Reported +8.5% YoY growth in operating profit (indicative of margin resilience amid higher expenses).<\/li>\n\n\n\n<li><strong>PAT \/ Net Profit:<\/strong> \u20b9880 cr, +9% YoY (vs \u20b9807 cr in Q3 FY25). <\/li>\n\n\n\n<li><strong>EPS (Diluted):<\/strong> \u20b956 per share.<\/li>\n\n\n\n<li><strong>Interim Dividend:<\/strong> \u20b97.50 per equity share declared for FY26 (record date Feb 13, 2026).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividend &amp; Shareholder Returns:<\/strong> Board approved a <strong><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/10cc3027-ead7-4525-a9d2-eec3954d5a57.pdf\" target=\"_blank\" rel=\"noopener\">second interim dividend of \u20b97.50 per share<\/a><\/strong>, reflecting confidence in cash generation and a shareholder-friendly stance. <\/li>\n\n\n\n<li><strong>Operational Execution:<\/strong> Commentary around the results emphasised steady contract execution across defence shipbuilding and related order book utilisation, supporting robust revenue growth. Management highlighted the importance of maintaining scale in high-priority naval contracts and timely delivery schedules.<\/li>\n\n\n\n<li><strong>Margins &amp; Costs:<\/strong> While revenue and profits rose, operating margin showed <strong>moderation vs prior year<\/strong> due to rising input and project execution costs; management likely discussed cost optimisation measures and focus on higher-value contracts. <\/li>\n\n\n\n<li><strong>Outlook &amp; Orders:<\/strong> Strategic emphasis remains on execution of the strong <strong>defence and commercial vessel order book<\/strong>, continued deliveries under existing contracts, and ensuring quality\/efficiency in shipyard operations to sustain medium-term growth. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b93,199.87 cr, +6.1% YoY compared with Q2 FY25. <\/li>\n\n\n\n<li><strong>PAT \/ Net Profit:<\/strong> \u20b9749.48 cr, +28.1% YoY, strong profit growth. <\/li>\n\n\n\n<li><strong>Net Profit Margin:<\/strong> 23.4% on Q2 base, showing improved profitability compared with prior year. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In Q2, management noted <strong>healthy revenue and profit growth<\/strong> supported by execution of major defence and commercial shipbuilding contracts, with margin expansion helping the bottom line. Investor commentary pointed to <strong>strong order inflows and execution discipline<\/strong> during the quarter.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo\/passenger ships, and offshore platforms.\u00a0 Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[15884],"class_list":["post-179797","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-shipbuilders"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170945,"url":"https:\/\/alphastreet.com\/india\/mazagon-dock-shipbuilders-q1-fy26-earnings-results\/","url_meta":{"origin":179797,"position":0},"title":"Mazagon Dock Shipbuilders Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 4, 2025","format":false,"excerpt":"Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo\/passenger ships, and offshore platforms. Presenting below are its Q1 FY26 earnings\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Mazagon Dock Shipbuilders Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/6-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/6-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/6-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/6-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/6-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/6-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171895,"url":"https:\/\/alphastreet.com\/india\/mazagon-dock-q2-fy26-earnings-results\/","url_meta":{"origin":179797,"position":1},"title":"Mazagon Dock Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 28, 2025","format":false,"excerpt":"Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo\/passenger ships, and offshore platforms. Q2 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Mazagon Dock Shipbuilders Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mazagon-Dock-Shipbuilders-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mazagon-Dock-Shipbuilders-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mazagon-Dock-Shipbuilders-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mazagon-Dock-Shipbuilders-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mazagon-Dock-Shipbuilders-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mazagon-Dock-Shipbuilders-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":168724,"url":"https:\/\/alphastreet.com\/india\/mazagon-dock-shipbuilders-ltd-q4fy25-51-fall-in-profits\/","url_meta":{"origin":179797,"position":2},"title":"Mazagon Dock Shipbuilders Ltd Q4FY25; 51% fall in Profits","author":"Chirag Gupta","date":"June 9, 2025","format":false,"excerpt":"Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo\/passenger ships, and offshore platforms. Financial Results: Mazagon Dock Shipbuilders Ltd reported\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/4-4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/4-4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/4-4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/4-4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/4-4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/4-4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166960,"url":"https:\/\/alphastreet.com\/india\/mazagon-dock-shipbuilders-ltd-q3fy25-29-rise-in-profits\/","url_meta":{"origin":179797,"position":3},"title":"Mazagon Dock Shipbuilders Ltd Q3FY25; 29% rise in Profits","author":"Chirag Gupta","date":"February 18, 2025","format":false,"excerpt":"Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. 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Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo\/passenger ships, and offshore platforms. 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