Mazagon Dock Q2 Results: Profit surges 76% YoY to ₹585 crore, revenue rises 51%

Mazagon Dock Shipbuilders on Tuesday, November 5 reported a 75.7 per cent year-on-year (YoY) jump in its net profit to ₹585 crore for the September quarter of financial year 2025. The profit in the corresponding quarter last fiscal stood at ₹332.9 crore.

Meanwhile, the revenue from operations surged 51 per cent YoY to ₹2,756.8 crore from ₹1,827.70 crore.

On a quarter-on-quarter (QoQ) basis, Mazagon Dock's Q2 profit witnessed a 16 per cent decline from ₹696.10 crore posted in the June 2024 quarter. Revenue from operations, however, increased by 16.96 per cent on a sequential basis.

EBITDA reached ₹509 crore in Q2, reflecting a 187.57% increase compared to the ₹177 crore recorded in Q2FY24. However, it was lower than ₹642 crore reported in the preceding June quarter.

Following the earnings announcement, the stock jumped sharply by 7 per cent to ₹4,309.95 on the BSE.

The stock has delivered multibagger returns to investors in the last one year, surging a whopping 121 per cent. However, in the last three months alone it has shed over 16 per cent.

Corporate Actions

The company's board at its meeting held on October 22 declared an interim dividend of ₹23.19 per equity share of ₹10 each fully paid-up for the financial year 2024-25. The record date for the payment of the said interim dividend was announced as October 30, 2024.

Apart from dividend, Mazagon Dock's board also announced its first-ever bonus issue of shares in the ratio of 2:1, suggesting investors holding one share of Mazagon Dock will be eligible to receive two additional shares of the public sector company.

However, the company has not yet declared the record date for the bonus issue.

“The record date for the purpose of sub-division/ split of Equity Share shall be decided after obtaining approval for sub-division/ split from the shareholders through postal ballot electronic voting process and will be intimated in due course,” it said in an exchange filing.

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