Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Q3 FY26: Order Book ₹23,758 Cr
Q3 FY26 investor presentation: what the company reported on revenue, margins and projects.
Based on Mazagon Dock Shipbuilders Ltd's Q3 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.
The short version
Revenue from Operations: - Q3 2024-2025: ₹8,257 - ₹3,144 Cr (figures vary across slides) - Q3 2025-2026: ₹9,156 - ₹3,601 Cr (figures vary across slides) - Year-on-year increase approximately 10-15% (varied by slide data) - Total Income: - Q3 2024-2025: ₹9,093 - ₹3,434 Cr - Q3 2025-2026: ₹10,012 - ₹3,863 Cr - Shows a growth trend year-on-year - Operating Margin: - Q3 2024-2025: 23%-25% - Q3 2025-2026: 19%-24% (slightly fluctuating) - Profit After Tax (PAT): - Q3 2024-2025: ₹768 - ₹807 Cr - Q3 2025-2026: ₹715 - ₹880 Cr - Outlook: - No explicit forward-looking revenue or volume outlook is stated in the presentation. EBITDA (₹ Cr): - Q3 2025-26: 1,120 - Q3 2024-25: 1,063 - YoY Change: +57 Cr (~5.36% increase) - Operating Margin (%): - Q3 2025-26: 19% to 24% (varies by page, page 12 shows 19%, pages 9-10 show 24%) - Q3 2024-25: 23% to 25% - YoY Change: Decrease by approximately 4-5 percentage points - PAT (₹ Cr): - Q3 2025-26: Between 715 and 837 (varies by page); typically reported around 768-837 - Q3 2024-25: Between 715 and 768 - YoY Change: Slight increase (around 6%-17%) - Margin Outlook: - No explicit margin outlook stated in the presentation.
From Mazagon Dock Shipbuilders Ltd's Q3 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Revenue from Operations:
- Q3 2024-2025: ₹8,257 - ₹3,144 Cr (figures vary across slides)
- Q3 2025-2026: ₹9,156 - ₹3,601 Cr (figures vary across slides)
- Year-on-year increase approximately 10-15% (varied by slide data)
- Total Income:
- Q3 2024-2025: ₹9,093 - ₹3,434 Cr
- Q3 2025-2026: ₹10,012 - ₹3,863 Cr
- Shows a growth trend year-on-year
- Operating Margin:
- Q3 2024-2025: 23%-25%
- Q3 2025-2026: 19%-24% (slightly fluctuating)
- Profit After Tax (PAT):
- Q3 2024-2025: ₹768 - ₹807 Cr
- Q3 2025-2026: ₹715 - ₹880 Cr
2 more points management made on revenue & sales performance
Profitability & Margins
See what Mazagon Dock Shipbuilders Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Keel laying of Yard-21002 (Project MPV-06 Multi Purpose Vessel) scheduled for 17th Nov 2025 (Page 22).
- Plate cutting ceremony for 5th Fast Patrol Vessel (YARD-16505) for Indian Coast Guard on 30th Oct 2025 (Page 21).
- MDL's infrastructure includes 3 Dry Docks, 3 Wet Basins, 3 Big Slipways, 6 Small Slipways, Production and Assembly Shops with 300 Tonne Goliath Crane and Shore Integration Facility (Page 7).
- Capacity to build 11 Submarines and 10 War Ships concurrently (Page 6).
2 more points management made on capital expenditure plans
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
See what Mazagon Dock Shipbuilders Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Total Order Book as on 31st December 2025: ₹23,758 Cr
- Order details:
- P15B Destroyers: Contracted ₹28,745 Cr (4 vessels), Balance ₹1,441 Cr, 0 pending
- P17A Stealth Frigates: Contracted ₹27,254 Cr (4 vessels), Balance ₹9,911 Cr, 1 pending
- ICGS (CTS, NGOPV, FPV): Contracted ₹2,849 Cr (21 vessels), Balance ₹2,765 Cr, 21 pending
- Multipurpose Hybrid Powered Vessel (MPV): Contracted ₹715 Cr (6 vessels), Client: NAVI
- MERCHANTS A/S: Contracted ₹638 Cr (6 vessels)
- P75 Kalvari Submarines: Contracted ₹29,621 Cr (6 vessels), Balance ₹1,832 Cr, 0 pending
- Medium Refit and Life Certification (MRLC) of Submarines: ₹2,421 Cr (1 vessel), Balance ₹929 Cr, 1 pending
- ONGC (PRPP, DSF II & PRP 8 Grade A): ₹6,524 Cr (3 vessels), Balance ₹4,374 Cr, 3 pending
- AIP: ₹1,758 Cr (1 unit), Balance ₹1,727 Cr, 1 pending
2 more points management made on order book & pipeline
Mazagon Dock Shipbuilders Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.9K Cr, net profit ₹674 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Mazagon Dock Shipbuilders Ltd's management said in earlier quarters
- Q1 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Mazagon Dock Shipbuilders Ltd Q3 FY26 results?
Revenue from Operations: - Q3 2024-2025: ₹8,257 - ₹3,144 Cr (figures vary across slides) - Q3 2025-2026: ₹9,156 - ₹3,601 Cr (figures vary across slides) - Year-on-year increase approximately 10-15% (varied by slide data) - Total Income: - Q3 2024-2025: ₹9,093 - ₹3,434 Cr - Q3 2025-2026: ₹10,012 - ₹3,863 Cr - Shows a growth trend year-on-year - Operating Margin: - Q3 2024-2025: 23%-25% - Q3 2025-2026: 19%-24% (slightly fluctuating) - Profit After Tax (PAT): - Q3 2024-2025: ₹768 - ₹807 Cr - Q3 2025-2026: ₹715 - ₹880 Cr - Outlook: - No explicit forward-looking revenue or volume outlook is stated in the presentation. EBITDA (₹ Cr): - Q3 2025-26: 1,120 - Q3 2024-25: 1,063 - YoY Change: +57 Cr (~5.36% increase) - Operating Margin (%): - Q3 2025-26: 19% to 24% (varies by page, page 12 shows 19%, pages 9-10 show 24%) - Q3 2024-25: 23% to 25% - YoY Change: Decrease by approximately 4-5 percentage points - PAT (₹ Cr): - Q3 2025-26: Between 715 and 837 (varies by page); typically reported around 768-837 - Q3 2024-25: Between 715 and 768 - YoY Change: Slight increase (around 6%-17%) - Margin Outlook: - No explicit margin outlook stated in the presentation.
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.
Is Mazagon Dock Shipbuilders Ltd planning capital expenditure?
Keel laying of Yard-21002 (Project MPV-06 Multi Purpose Vessel) scheduled for 17th Nov 2025 (Page 22).
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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.