Mazagon Dock Shipbuilders Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹3,850Cr
- +21.3% YoY
- +6.9% QoQ
- Net profit
- ₹674Cr
- +107.4% YoY
- −23.4% QoQ
- Margin
- 14%
- +10.2 pp YoY
- −11 pp QoQ
Guidance rank: #43 of 54 in Industrial Manufacturing
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Mazagon Dock Shipbuilders Ltd Q4 FY26 key numbers
- Revenue
- Revenue from Operations (₹ Cr) for Q4 2025-26: 3,174 Cr, up from 2,900 Cr in Q4 2024-25 (approx. 9.4% YoY increase).
As stated in Mazagon Dock Shipbuilders Ltd's Q4 FY26 investor presentation · published 24 Sept 2026. Reported figures, not investment advice.
Based on Mazagon Dock Shipbuilders Ltd's Q4 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 (₹ Cr) for Q4 2025-26: 3,174 Cr, up from 2,900 Cr in Q4 2024-25 (approx. Quarterly EBITDA (Q4 2025-26): ₹406 Cr - Previous Year Q4 (2024-25): ₹443 Cr - Year-on-Year Change: Decrease of ₹37 Cr (~-8.35%) - Operating Margin (FY 2025-26): 16% - Previous Year
From Mazagon Dock Shipbuilders Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Revenue from Operations (₹ Cr) for Q4 2025-26: 3,174 Cr, up from 2,900 Cr in Q4 2024-25 (approx. 9.4% YoY increase).
- Total Income (₹ Cr) for Q4 2025-26: 3,498 Cr, up from 3,174 Cr in Q4 2024-25 (approx. 10.2% YoY increase).
- EBITDA for Q4 2025-26: ₹443 Cr, compared to ₹406 Cr in Q4 2024-25.
2 more points from Mazagon Dock Shipbuilders Ltd's call on revenue
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Profitability & Margins
Quarterly EBITDA (Q4 2025-26): ₹406 Cr
Locked: what Mazagon Dock Shipbuilders Ltd said on margins
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Capital Expenditure Plans
- Acquisition of a 51% controlling stake in Colombo Dockyard PLC (Sri Lanka’s largest shipyard) for approximately Rs 236.95 crore, marking a key maritime expansion step (Page 18).
- Contract signed on 18th March 2026 with Shipping Corporation of India for construction and delivery of one 3000 DWT Methanol Dual Fuel Diesel Electric Platform Supply Vessel under Green Technology, first of its kind in India, supporting Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 (Page 25).
- Keel-laying ceremonies:
- Yard 16401, first of six Next Generation Offshore Patrol Vessels for Indian Coast Guard, on 22nd July 2025 (Page 35).
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
Financial highlights focus on revenue, profit, dividend payments, order book, and operational performance.
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 31st March 2026 across Shipbuilding and Submarine & Heavy Engineering sectors.
- Specific projects and values:
- P15B Destroyers: ₹28,745 Cr, 4 contracted, balance ₹863 Cr, 0 pending delivery.
- P17A Stealth Frigates: ₹27,256 Cr, 4 contracted, balance ₹8,257 Cr, 1 pending delivery.
- Indian Coast Guard Ships (CTS, NGOPV, FPV): ₹2,849 Cr, 21 contracted and pending delivery.
- Multipurpose Hybrid Powered Vessel (MPV): ₹806 Cr, 6 contracted.
- Shipping Corporation of India PSV: ₹365 Cr, 1 contracted and pending delivery.
- P75 Kalvari Submarines: ₹29,764 Cr, 6 contracted, balance ₹1,722 Cr, 0 pending delivery.
- Medium Refit and Life Certification of Submarines: ₹2,421 Cr, 1 contracted, balance ₹754 Cr, 1 pending delivery.
- ONGC Projects: ₹6,487 Cr, 3 contracted, balance ₹3,320 Cr, 3 pending delivery.
- AIP: ₹1,758 Cr, 1 contracted, balance ₹1,687 Cr, 1 pending delivery.
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 Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 3,850 | 3,174 | +21.3% | 3,601 | +6.9% |
| Operating profit (EBITDA) | 543 | 119 | +356.3% | 887 | -38.8% |
| Operating margin | 14% | 3.8% | +10.2 pp | 25% | -11 pp |
| Profit before tax | 793 | 370 | +114.3% | 1,120 | -29.2% |
| Net profit (PAT) | 674 | 325 | +107.4% | 880 | -23.4% |
| EPS (₹) | 16.84 | 8.06 | +108.9% | 21.81 | -22.8% |
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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on management's own guidance
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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 Q4 FY26 results?
Revenue from Operations (₹ Cr) for Q4 2025-26: 3,174 Cr, up from 2,900 Cr in Q4 2024-25 (approx. Quarterly EBITDA (Q4 2025-26): ₹406 Cr - Previous Year Q4 (2024-25): ₹443 Cr - Year-on-Year Change: Decrease of ₹37 Cr (~-8.35%) - Operating Margin (FY 2025-26): 16% - Previous Year
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?
Acquisition of a 51% controlling stake in Colombo Dockyard PLC (Sri Lanka’s largest shipyard) for approximately Rs 236.95 crore, marking a key maritime expansion step (Page 18). - Contract signed on 18th March 2026 with Shipping Corporation of India for construction and delivery of one 3000 DWT Methanol Dual Fuel Diesel Electric Platform Supply Vessel under Green Technology, first of its kind in India, supporting Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 (Page 25). - Keel-laying ceremonies: - Yard 16401, first of six Next Generation Offshore Patrol Vessels for Indian Coast Guard, on 22nd July 2025 (Page 35). - Yard-21002 (Project MPV-06 Multi Purpose Vessel) on 17th Nov 2025 (Page 38). - Ongoing projects reflected in the order book include large naval vessels (P15B Destroyers, P17A Stealth Frigates, P75 Kalvari Submarines) and multiple other vessels with pending deliveries (Page 16).
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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.