Mazagon Dock Shipbuilders' Q2 FY 2026-27 Quarterly Results

Result Summary

• Mazagon Dock Shipbuilders Ltd reported a 17.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 15.7%.
• Its expenses for the quarter were down by 27.1% QoQ and 19.2% YoY.
• The net profit decreased 37.1% QoQ and decreased 53.8% YoY.
• The earnings per share (EPS) of Mazagon Dock Shipbuilders Ltd stood at 8.53 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview
Mazagon Dock Shipbuilders Ltd is a prominent player in the shipbuilding industry, primarily engaged in constructing naval ships and submarines. The company operates in the defense sector, serving as a key partner to the Indian Navy. It specializes in building warships such as destroyers, frigates, and corvettes, as well as submarines. Recent developments in the company may include advances in technology and expansion of its shipbuilding capacities to meet increasing demand, although specific recent events are not available from the data provided.

## Revenue
In Q2FY27, Mazagon Dock Shipbuilders Ltd reported a total income of ₹2697.06 crores. This represents a significant decrease compared to both the previous quarter (Q1FY27), which recorded a total income of ₹3255.88 crores, and the same quarter in the previous year (Q2FY26), which had a total income of ₹3199.87 crores. The quarter-over-quarter (QoQ) decline in total income was 17.2%, while the year-over-year (YoY) decline was 15.7%. These figures suggest a downward trend in the company's revenue generation over the past year.

## Profitability
The company's profit before tax for Q2FY27 was ₹399.45 crores, showing a substantial decrease from Q1FY27, where it was ₹686.45 crores, and Q2FY26, which reported ₹933.94 crores. The QoQ decline in profit before tax was 41.8%, and the YoY decline was 57.2%. The tax expense for Q2FY27 was ₹101.54 crores, down from ₹174.41 crores in Q1FY27 and ₹224.07 crores in Q2FY26, reflecting a QoQ decrease of 41.8% and a YoY decrease of 54.7%. Profit after tax also fell to ₹346.40 crores in Q2FY27 from ₹550.46 crores in Q1FY27 and ₹749.48 crores in Q2FY26, marking a QoQ decline of 37.1% and a YoY decline of 53.8%.

## Operating Metrics
Earnings per share (EPS) in Q2FY27 stood at ₹8.53, compared to ₹13.62 in Q1FY27 and ₹18.58 in Q2FY26. This indicates a QoQ decline of 37.4% and a YoY decline of 54.1%. The total expenses for the quarter were ₹1852.10 crores, reflecting a reduction from the previous quarter's ₹2539.90 crores and the previous year's same quarter of ₹2291.08 crores. The QoQ decrease in total expenses was 27.1%, with a YoY decrease of 19.2%. These metrics highlight a significant decrease in both earnings and expenses, with a more pronounced decline in profitability measures over revenue measures.