Multibagger Defence Shipbuilding Company Reports 22% YoY Profit Growth in Q1 FY27; Revenue Rises 12%; Check Details
Join Us
Follow Us
Mazagon Dock Shipbuilders reported double-digit growth in revenue and profitability for Q1 FY27, driven by higher operating income. The defence PSU also recorded improved earnings per share and continued to benefit from contributions from its associate company.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 31.20 points, or 0.13 per cent, to 24,348.35. Amid the positive market sentiment, Mazagon Dock Shipbuilders share price gained 3.17 per cent to Rs 2,392.50 after the company reported a strong set of Q1 FY27 results, with double-digit growth in revenue and profit.
Mazagon Dock Shipbuilders Q1 FY27 Results
Mazagon Dock Shipbuilders reported a 21.7 per cent YoY increase in consolidated profit after tax (PAT) to Rs 550.46 crore for the quarter ended June 30, 2026, compared with Rs 452.15 crore in the corresponding quarter last year.
Want to Ride Fast-Moving Market Trends?
Explore DSIJ’s Momentum Pick - a research-driven service focused on fundamentally strong momentum stocks with the potential for short- to medium-term gains.
Download Service BrochureRevenue from operations increased 12.1 per cent YoY to Rs 2,942.70 crore, up from Rs 2,625.59 crore in Q1 FY26. Total income also rose 10.4 per cent YoY to Rs 3,255.88 crore from Rs 2,949.17 crore.
Profit before tax (PBT) grew 21.1 per cent YoY to Rs 686.45 crore, compared with Rs 566.85 crore in the year-ago quarter. The company did not report any exceptional items during the quarter.
Basic and diluted earnings per share (EPS) improved to Rs 13.62, compared with Rs 11.21 in the corresponding quarter last year.
Also Read - Ajay Upadhyaya-Held Chemical Stock Signs Agreement with DRDO to Develop Indigenous Defence Chemical Technology
Operational Performance
Total expenses for the quarter increased to Rs 2,569.43 crore from Rs 2,382.32 crore in the year-ago period, Employee benefit expenses stood at Rs 289.10 crore, while finance costs were Rs 44.34 crore and depreciation and amortisation expenses were Rs 28.97 crore.
The company also recorded a share of net profit of Rs 38.42 crore from its associate during the quarter, further supporting consolidated profitability.
About Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Ltd is a defence public sector undertaking engaged in the construction of warships, submarines and other naval platforms for the Indian Navy and Coast Guard. The company also undertakes ship repairs and lifecycle support services. It consolidates Colombo Dockyard PLC as its subsidiary and accounts for Goa Shipyard Limited, in which it holds a 47.21 per cent stake, as an associate.
Add DSIJ as your preferred news source on G o o g l e
Add NowWhat are your views on Mazagon Dock Shipbuilders' Q1 FY27 performance? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.