Mazagon Dock Shipbuilders Q1 FY26: Revenue ₹2,626 Cr, PAT ₹452 Cr
Q1 FY26 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹2,626Cr
- +11.4% YoY
- −17.3% QoQ
- Net profit
- ₹452Cr
- −35.1% YoY
- +39.1% QoQ
- Margin
- 11%
- −16 pp YoY
- +7.2 pp QoQ
Guidance rank: #43 of 54 in Industrial Manufacturing
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Based on Mazagon Dock Shipbuilders Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Revenue from Operations (Consolidated): ₹2,626 Cr in Q1 FY 2025-26, down from ₹2,828 Cr in Q1 FY 2024-25 (approx. EBITDA for Q1 FY 2025-26: ₹591 Cr, up from ₹400 Cr in Q1 FY 2024-25 (Year-on-Year increase of ₹191 Cr).
From Mazagon Dock Shipbuilders Ltd's Q1 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Revenue from Operations (Consolidated): ₹2,626 Cr in Q1 FY 2025-26, down from ₹2,828 Cr in Q1 FY 2024-25 (approx. 7% YoY decline).
- Total Income (Consolidated): ₹2,915 Cr in Q1 FY 2025-26, up from ₹2,628 Cr in Q1 FY 2024-25 (approx. 11% YoY growth).
- EBITDA (Consolidated): ₹591 Cr in Q1 FY 2025-26, down from ₹913 Cr in Q1 FY 2024-25.
- PAT (Consolidated): ₹452 Cr in Q1 FY 2025-26, down from ₹696 Cr in Q1 FY 2024-25.
2 more points from Mazagon Dock Shipbuilders Ltd's call on revenue
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Profitability & Margins
EBITDA for Q1 FY 2025-26: ₹591 Cr, up from ₹400 Cr in Q1 FY 2024-25 (Year-on-Year increase of ₹191 Cr).
Locked: what Mazagon Dock Shipbuilders Ltd said on margins
Also locked on this page: fundraising
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Capital Expenditure Plans
- Capacity includes building 11 submarines and 10 warships concurrently (Page 5).
- Key ongoing/new projects with tentative timelines:
- Delivery of second stealth Frigate of the P17A Class Udaygiri on 1st July 2025 (Page 19).
2 more points from Mazagon Dock Shipbuilders Ltd's call on capex
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
There is no reference to any change in borrowings or net debt.
Locked: what Mazagon Dock Shipbuilders Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- Total Order Book as on 30th June 2025: ₹29,918 crore (including pending work/supply of spares for delivered vessels)
- Shipbuilding Orders:
- P17A Stealth Frigates: 4 contracted, 2 pending delivery, project value ₹28,773 crore, balance ₹2,833 crore
- P15B Destroyers: 4 contracted, 3 pending delivery, project value ₹27,120 crore, balance ₹12,343 crore
- Submarine & Heavy Engineering Orders:
- P75 Kalvari Submarines: 21 contracted, all 21 pending delivery, project value ₹2,849 crore, balance ₹2,818 crore
- Medium Refit and Life Certification (MRLC) of Submarines: 6 contracted, all pending, project value ₹715 crore, balance ₹692 crore
- Other Orders:
- Multipurpose Hybrid Powered Vessel: 6 contracted, all pending, project value ₹29,277 crore, balance ₹2,550 crore
- Indian Coast Guard Ships (CTS, NGOPV, FPV): 6 contracted, all pending, project value ₹2,408 crore, balance ₹1,636 crore
2 more points from Mazagon Dock Shipbuilders Ltd's call on order book
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Mazagon Dock Shipbuilders Ltd — Quarterly revenue & net profit
Mazagon Dock Shipbuilders Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 2,626 | 2,357 | +11.4% | 3,174 | -17.3% |
| Operating profit (EBITDA) | 302 | 642 | -53% | 119 | +153.8% |
| Operating margin | 11% | 27% | -16 pp | 3.8% | +7.2 pp |
| Profit before tax | 567 | 889 | -36.2% | 370 | +53.2% |
| Net profit (PAT) | 452 | 696 | -35.1% | 325 | +39.1% |
| EPS (₹) | 11.21 | 17.26 | -35.1% | 8.06 | +39.1% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.4K Cr, net profit ₹346 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Mazagon Dock's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Mazagon Dock Shipbuilders Ltd Q1 FY26 results?
Revenue from Operations (Consolidated): ₹2,626 Cr in Q1 FY 2025-26, down from ₹2,828 Cr in Q1 FY 2024-25 (approx. EBITDA for Q1 FY 2025-26: ₹591 Cr, up from ₹400 Cr in Q1 FY 2024-25 (Year-on-Year increase of ₹191 Cr).
What is Mazagon Dock Shipbuilders Ltd share price analysis?
Mazagon Dock Shipbuilders Ltd currently shows a neutral. The stock trades at a P/E of 32.2 with a market cap of ₹91,971 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.