Mazagon Dock Shipbuilders on Tuesday reported a 54.08 per cent fall in consolidated net profit to Rs 344.12 crore for the quarter ended September 2026, down from Rs 749.48 crore a year earlier, Upstox reported, citing the company's exchange filing.

Source: Upstox

Consolidated revenue from operations declined 16.5 per cent to Rs 2,446.09 crore — yaani about Rs 24.5 billion — from Rs 2,929.24 crore in the same quarter last year, while total expenses rose about 1.3 per cent, squeezing margins, Upstox reported.

On a standalone basis, net profit tumbled to Rs 340.20 crore from Rs 715.37 crore a year earlier, The Hindu BusinessLine reported. The board declared an interim dividend of Rs 5 per share and approved raising the company's authorised share capital to Rs 900 crore.

Source: The Hindu BusinessLine

The dividend record date is November 3, 2026, and the company said the payout will be made on or before November 26. The stock fell over 6 per cent on the NSE to around Rs 1,752 after the results, BusinessLine reported, with Upstox noting an intraday fall of about 10 per cent to a 52-week low.

Rs 344.12 croreConsolidated net profit, down 54.08%
Rs 2,446.09 croreRevenue, down 16.5%
Rs 5 per shareInterim dividend declared

Mazagon Dock is India's leading defence shipbuilder, building warships and submarines for the Indian Navy. Quarterly revenue in shipbuilding can swing sharply depending on project milestones, and the company said higher provision, employee and other expenses added to the pressure this quarter, according to the reports.