Ahmedabad Times

Mazagon Dock Shipbuilders reported a powerful set of March quarter earnings, with web revenue rising practically 42% year-on-year (YoY), supported by increased execution throughout shipbuilding and submarine applications. The state-run defence shipbuilder posted a standalone web revenue of Rs 464 crore for the quarter ended March 2026, in contrast with Rs 327 crore in the identical interval final 12 months.

The corporate’s board has beneficial a closing dividend of Rs 4.62 per share for the monetary 12 months ended March 2026.

Income from operations rose 16% YoY to Rs 3,684 crore from Rs 3,174 crore a 12 months in the past, reflecting increased venture execution in the course of the quarter. Together with different earnings, whole earnings for the quarter stood at Rs 3,965 crore, up 13% from Rs 3,498 crore within the year-ago interval.

Revenue earlier than tax rose sharply by 54% to Rs 625 crore, in contrast with Rs 406.4 crore within the corresponding quarter final 12 months, indicating improved working leverage.

Sequentially, nevertheless, profitability moderated from the December quarter, when the corporate had reported a revenue of Rs 837 crore, suggesting normalization after a stronger third quarter pushed by milestone-based income recognition.

Bills in the course of the quarter rose at a slower tempo than income. Whole bills elevated 8% to Rs 3,340 crore from Rs 3,091 crore a 12 months in the past, primarily as a consequence of increased uncooked materials consumption and stock purchases.
For the total monetary 12 months FY26, Mazagon Dock reported income from operations of Rs 12,840 crore, up 12% from Rs 11,432 crore in FY25.Whole earnings for the 12 months got here in at Rs 13,982.4 crore, registering a progress of 12% YoY.

Annual revenue earlier than tax rose 4% to Rs 3,250 crore, whereas web revenue elevated 5% to Rs 2,436 crore from Rs 2,325 crore within the earlier monetary 12 months.