Mazagon Dock Shipbuilders Ltd Share Price – NSE  / BSE

Aerospace & Defence, Mid Cap

The agreement covers cooperation in procurement opportunities, exchange of expertise in defence manufacturing, and joint work in research, development and technological innovation.

Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

The company?s consolidated net profit jumped 28.09% to Rs 749.48 crore in Q2 FY26 as against Rs 585.08 crore posted in Q2 FY25. Revenue from operations rose 6.25% YoY to Rs 2,929.24 crore in the quarter ended 30 September 2025.

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During the flagship India Maritime Week 2025 (IMW 2025) held in Mumbai, Mazagon Dock Shipbuilders (MDL) has signed an exclusive Teaming Agreement (TA) with Swan Defence and Heavy Industries (SDHI) for collaboration in the design and construction of Landing Platform Docks (LPDs) for the Indian Navy.

The Defence Acquisition Council (DAC) last week accorded approval for the acquisition of LPDs - a critical capability addition for the Indian Navy to project power, undertake amphibious operations, and deliver humanitarian assistance and disaster relief (HADR) missions.

Under this TA, MDL will bring its vast experience in ship design, project management, and system integration, while SDHI will provide its world-class shipbuilding infrastructure - the largest in the country - for the construction of the vessels. The partnership is designed to combine the technical, financial, and operational strengths of both shipyards to deliver an optimal solution for the Indian Navy.

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Revenue from operations rose 6.25% YoY to Rs 2,929.24 crore in the quarter ended 30 September 2025.

Total expenses shed 0.36% to Rs 2,265.93 crore in Q2 FY26 compared with Rs 2,274.18 crore in Q2 FY25. Cost of material consumed stood at Rs 1,200.72 crore (down 12.22% YoY) while employee benefit expenses stood at Rs 223.34 crore (down 3.45% YoY) during the period under review.

Profit before tax (PBT) stood at Rs 933.94 crore in Q2 FY26, registering growth of 26.12% YoY.

Meanwhile, the company?s board has declared 1st interim dividend of Rs 6 per equity share for the financial year 2025-26. Further, the company has fixed Tuesday, 04 November 2025 as Record Date for the same. The payment of the interim dividend shall be completed on or before 26 November 2025.

Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

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