Shares of Mazagon Dock Shipbuilders Ltd rose more than 2% on Tuesday after the defence PSU reported a strong September quarter (Q2FY26) performance. The stock gained as much as 2.58% to ₹2,882.85 apiece on the BSE before paring some of its early gains.
The state-run shipbuilder posted a consolidated net profit of ₹749.48 crore, up 28.1% year-on-year (YoY) from ₹585.08 crore in the same period last year. Revenue from operations increased 6.3% YoY to ₹2,929.24 crore from ₹2,756.83 crore in Q2FY25.
At the operational level, EBITDA rose 36.1% to ₹695 crore from ₹510.2 crore, while the EBITDA margin expanded to 23.7% from 18.5%, reflecting stronger profitability. The company’s order book stood at ₹27,415 crore as of September 30, 2025.
Dividend Announcement
The board of directors declared a first interim dividend of ₹6 per share for FY26, with November 4, 2025, as the record date. The dividend will be paid on or before November 26, 2025, the company said.
Stock Performance
Mazagon Dock shares have remained flat over the last six months but have gained 25% year-to-date (YTD) and 40% over the past year. The PSU defence stock has delivered multibagger returns — rising 175% in two years and over 3,250% in five years.
At 11:10 AM, Mazagon Dock Shipbuilders shares were trading 0.18% lower at ₹2,805.05 apiece on the BSE.
