Mazagon Dock announces interim dividend, reports strong Q2 FY26 results

Mazagon Dock Shipbuilders Limited announced an interim dividend of Rs. 6/- per equity share (face value Rs. 5/- each) for the financial year 2025-26. November 4, 2025, is set as the record date for payment, to be completed by November 26, 2025. This declaration follows the Board of Directors' meeting on October 27, 2025, where the unaudited financial results for the quarter and half-year ended September 30, 2025, were also approved.

For Q2 FY26, standalone revenue from operations increased by 12% to INR 2,92,924 lakhs, with PAT rising by 71% to INR 715 lakhs compared to Q1 FY26. Consolidated results mirrored this growth, with revenue from operations reaching INR 2,92,924 lakhs and PAT at INR 749 lakhs. Year-to-date (H1 FY26) standalone revenue from operations grew by 9% to INR 5,55,500 lakhs, and consolidated revenue also saw a 9% increase to INR 5,55,500 lakhs.

Significant operational achievements during the period include the delivery of the second stealth Frigate of the P17A Class Udaygiri to the Indian Navy on July 1, 2025, and its commissioning on August 26, 2025. The company also signed an MoU with Guidance, Tamil Nadu, on September 19, 2025, to explore the development of a greenfield shipyard in the Eastern coast under India's Maritime Amritkaal Vision 2047.