Mazagon Dock Q2 profit jumps 28% on strong operational performance, declares ₹6 interim dividend

India’s state-run shipbuilder Mazagon Dock Shipbuilders Ltd on Monday reported a 28.1% rise in consolidated net profit to ₹749 crore for the quarter ended September 30, 2025, compared with ₹585 crore in the same period last year, aided by higher revenue and improved margins.

Revenue from operations increased 6.3% year-on-year to ₹2,929 crore, up from ₹2,756 crore a year ago, the company said in a regulatory filing.

EBITDA surged 36.1% to ₹695 crore, compared with ₹510.2 crore a year earlier. The company’s operating margin expanded to 23.7% from 18.5%, reflecting better cost management and operating leverage.

Mazagon Dock, which builds warships and submarines for the Indian Navy, said it continues to see healthy progress across its ongoing projects, including the construction of Project 15B destroyers and Project 17A frigates. The company has been focusing on timely execution of defence contracts and strengthening its order book amid growing emphasis on indigenous manufacturing under the government’s ‘Atmanirbhar Bharat’ initiative.

During the quarter, the board of directors declared an interim dividend of ₹6 per share.

"This is to inform that, Board of Directors of the Company at its meeting held on 27 October 2025 has approved the declaration of Interim Dividend of Rs. 6/- per equity share of Rs. 5/- each fully paid-up for the Financial Year 2025-26," the company stated.

The company has set Nov 4, 2025 as the record date for the dividend. "The payment of the same shall be completed on or before 26 November 2025," it added.

Mazagon Dock, one of India’s premier defence public sector undertakings, has a long-standing relationship with the Indian Navy and Coast Guard.