Rs 23,758 crore order book & 150% dividend: Defence shipbuilding company announces Q3 and 9M results

Mazagon Dock Shipbuilders Limited (MDL), India’s premier Defence shipyard and a Navratna company, has reported a robust financial performance for the third quarter ended December 31, 2025. The company’s consolidated net profit grew 14.3 per cent Year-on-Year, rising to Rs 877.78 crore from Rs 807.04 crore in the same period last year. This bottom-line growth was supported by a solid increase in consolidated revenue from operations, which rose by 14.6 per cent to reach Rs 3,601.09 crore. These figures underscore MDL’s consistent execution capabilities as it continues to deliver critical maritime assets under the Ministry of Defence.

The company’s profitability metrics remained strong throughout the quarter, with Profit Before Tax (PBT) rising by 5.4 per cent to Rs 1,119.63 crore. Earnings Per Share (EPS) for the quarter stood at Rs 21.81. Looking at the broader nine-month performance for FY26, MDL has accumulated a consolidated net profit of Rs 2,081.41 crore on a total revenue of Rs 9,155.92 crore. On a standalone basis, the shipyard reported a net profit of Rs 837.13 crore, marking a 9.0 per cent increase YoY, while maintaining the same operational revenue as the consolidated entity.

In a move to reward its shareholders, the Board of Directors has declared a second interim dividend of Rs 7.50 per equity share with a face value of Rs 5 for the financial year 2025-26. The company has designated Friday, February 13, 2026, as the Record Date to identify eligible shareholders, with the payout expected to be completed by March 07, 2026. This dividend announcement reflects the company's strong cash flow position and its commitment to maintaining healthy shareholder returns following its elevation to Navratna status in June 2024.

With a massive market capitalisation exceeding Rs 96,000 crore, Mazagon Dock continues to be a pivotal player in India’s maritime security and the "Make in India" initiative. As of December 31, 2025, the company maintains a formidable Order Book valued at Rs 23,758 crore. Investors have shown immense confidence in the shipyard's strategic role, as the stock has surged 27 per cent from its 52-week low of Rs 1,917.95 per share. Remarkably, MDL has delivered staggering multibagger returns of over 2,000 per cent over the last five years, cementing its position as a top-performing public sector enterprise.

Disclaimer: The article is for informational purposes only and not investment advice.