Mazagon Dock Shipbuilders' Q1 FY 2025-26 Quarterly Results

Result Summary

• Mazagon Dock Shipbuilders Ltd reported a 15.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.9%.
• Its expenses for the quarter were down by 30.6% QoQ and up 4.0% YoY.
• The net profit decreased 31.8% QoQ and decreased 35.0% YoY.
• The earnings per share (EPS) of Mazagon Dock Shipbuilders Ltd stood at 11.2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mazagon Dock Shipbuilders Ltd is a major player in India's defense and commercial shipbuilding sector. The company is primarily engaged in the construction of warships and submarines for the Indian Navy and other clients. It is one of the leading public sector shipyards under the Ministry of Defence in India. The company's operations include the design, construction, and repair of various types of vessels. Notably, Mazagon Dock has also been involved in the construction of significant naval assets, which are critical for India's maritime security. No specific recent developments about the company are available in the provided data.

Revenue

In Q1FY26, Mazagon Dock Shipbuilders Ltd reported a total income of ₹2914.90 crores, which marks a 15.6% decrease from the previous quarter (Q4FY25) where the total income was ₹3452.37 crores. However, when compared year-over-year, there is an increase of 10.9% from Q1FY25, where the total income stood at ₹2628.02 crores. These figures reflect the company's revenue dynamics over the past year and quarter, providing a snapshot of its sales performance over these periods.

Profitability

The profitability metrics for Mazagon Dock Shipbuilders Ltd indicate a decline when analyzed on a quarter-over-quarter and year-over-year basis. For Q1FY26, the profit before tax was ₹566.85 crores, a decrease of 33.2% from Q4FY25, which was ₹848.64 crores, and a decline of 36.2% from Q1FY25, where it was ₹888.79 crores. The profit after tax for Q1FY26 was ₹452.15 crores, showing a decline of 31.8% from the previous quarter and a decrease of 35.0% from the same quarter last year. The tax expense also saw a decline both QoQ and YoY, reflecting the overall decrease in profitability. Earnings per share also dropped significantly by 66.0% QoQ and 67.5% YoY, highlighting a reduction in earnings distributed to shareholders.

Operating Metrics

Mazagon Dock Shipbuilders Ltd's total expenses in Q1FY26 were ₹1807.95 crores, which represents a significant reduction of 30.6% from Q4FY25's total expenses of ₹2603.73 crores. Despite this decrease, the YoY comparison shows a modest increase of 4.0% from Q1FY25, where total expenses were ₹1739.23 crores. The tax expense for Q1FY26 was ₹147.57 crores, showing a substantial reduction of 33.5% QoQ and 33.8% YoY, indicating changes in the company's tax obligations in relation to its reduced profitability. The changes in these operational metrics offer insight into the company's cost management and its financial operations over the analyzed periods.