Mazagon Dock Shipbuilders Posts Strong FY26 Results; Revenue ₹12,840 Cr
Mazagon Dock Shipbuilders Limited reported FY26 revenue of ₹12,840 crore and PAT of ₹2,436 crore. Key events include the delivery of P17A frigates and the tri-commissioning of naval combatants. The company declared a dividend of ₹18.12 per share for FY26.
The announcement details robust financial performance, significant operational milestones in naval shipbuilding, and a strong order book, which are all material factors for investors and stakeholders.
The company has reported strong financial results with increased revenue and profits, alongside significant operational achievements and a healthy order book, indicating positive performance.
Mazagon Dock Shipbuilders Limited (MDL) has announced its financial performance for the quarter and year ended March 31, 2026. The company reported robust revenue from operations of ₹12,839.64 crore for the fiscal year 2025-26, a significant increase from ₹11,431.88 crore in the previous fiscal year. The Gross Margin (EBITDA) stood at ₹3,402.30 crore for FY26, compared to ₹3,228.79 crore in FY25. Profit Before Tax (PBT) was ₹3,250.48 crore, and the Profit for the year (PAT) was ₹2,435.77 crore for FY26.
In the fourth quarter of FY26, revenue from operations reached ₹3,174.36 crore, with PBT at ₹837.10 crore and PAT at ₹464.31 crore. The company's Net Worth grew to ₹8,843.16 crore as of March 31, 2026, up from ₹7,180.84 crore in the previous year.
MDL highlighted several key operational achievements, including the delivery of the first ship of the Nilgiri Class Stealth Frigates on December 20, 2024, the second on July 1, 2025, and the third on November 28, 2025. All four destroyers were delivered ahead of schedule. A landmark event was the tri-commissioning of INS Nilgiri, INS Surat, and INS Vaghsheer on January 15, 2025. The company also delivered all six Kalvari Class Submarines between 2017 and 2025. MDL has been conferred 'Navratna' status, recognizing its significant achievements.
The company's order book remains strong, with significant projects including P15B Destroyers (₹28,745 crore), P17A Stealth Frigates (₹27,256 crore), and P75 Kalvari Submarines (₹29,764 crore).
MDL also announced dividends, with a declared dividend for FY25-26 of ₹18.12 per share (₹730.92 crore) and a paid dividend of ₹19.21 per share (₹774.89 crore).
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See the model portfoliosA plain-language summary of a public exchange filing by Mazagon Dock Shipbuilders Limited. Read the original for the full detail.