Mazagon Dock Shipbuilders posts record FY25 financials, secures new contracts

Mazagon Dock Shipbuilders (MDL) announced record revenue of ₹11,431.88 crore, a 20.76% increase, and a historic profit after tax of ₹2,324.88 crore, growing by 26% from the previous fiscal year. The company's net worth increased by 28.90% to ₹7,180.84 crore, driven by strong retained earnings, and it maintained a zero-debt status. Shareholders will receive a total dividend payout of ₹14.595/share. These results reflect MDL’s timely execution of key shipbuilding and submarine projects.

The company secured significant offshore contracts from ONGC totaling ₹4,676 crore and ₹1,486 crore. MDL expanded its commercial footprint with six 7,500 DWT Multi-Purpose Hybrid Powered Vessels for a European client, valued at ~$85 million. MDL was also conferred “Navratna” status by the Department of Public Enterprises in June 2024, recognizing its enhanced operational autonomy.