Stock Report

Mazagon Dock Shipbuilders Reports Q1 FY27 Results: Consolidated Net Profit Surges 21.74% YoY to ₹550.46 Crore

Posted On : 2026-07-31 16:01:49( TIMEZONE : IST )

Premier defense public sector shipyard Mazagon Dock Shipbuilders Limited (MDL) has announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company recorded strong year-on-year growth across key operational and profitability metrics, supported by steady execution of shipbuilding and submarine orders.

Consolidated Financial Highlights

All monetary figures are expressed in ₹ Lakh unless explicitly stated otherwise.

For Q1 FY27, Mazagon Dock Shipbuilders reported a Consolidated Net Profit After Tax (PAT) of ₹55,046 lakh (₹550.46 crore), registering a 21.74% year-on-year (YoY) increase compared to ₹45,215 lakh (₹452.15 crore) recorded in Q1 FY26. Sequentially, net profit contracted 18.35% from ₹67,416 lakh achieved in Q4 FY26.

Consolidated Revenue from Operations for the quarter stood at ₹2,94,270 lakh (₹2,942.70 crore), marking a 12.08% YoY growth over ₹2,62,559 lakh in Q1 FY26. Sequentially, operational revenue declined 23.57% against ₹3,85,039 lakh reported in Q4 FY26.

Breakdown of Operational Performance & Expenses

Total Income: Advanced 10.40% YoY to ₹3,25,588 lakh (₹3,255.88 crore) in Q1 FY27, compared to ₹2,94,917 lakh in Q1 FY26. Other Income for the quarter contributed ₹31,318 lakh (vs. ₹32,358 lakh in Q1 FY26 and ₹28,338 lakh in Q4 FY26).

Total Expenses: Stood at ₹2,56,943 lakh for Q1 FY27, up 7.85% YoY from ₹2,38,232 lakh in Q1 FY26. Major expenditure items included:

Cost of Materials Consumed: ₹94,903 lakh (vs. ₹89,122 lakh in Q1 FY26).

Purchase of Stock-in-Trade: ₹59,718 lakh (vs. ₹20,425 lakh in Q1 FY26).

Sub-contract Expenses: Increased to ₹36,944 lakh (vs. ₹19,364 lakh in Q1 FY26).

Employee Benefit Expenses: ₹28,910 lakh (vs. ₹24,982 lakh in Q1 FY26).

Finance Costs: ₹4,434 lakh (vs. ₹3,536 lakh in Q1 FY26).

Depreciation & Amortization Expense: ₹2,897 lakh (vs. ₹2,306 lakh in Q1 FY26).

Other Expenses: ₹26,184 lakh (vs. ₹24,487 lakh in Q1 FY26).

Provisions: Reduced significantly to ₹2,953 lakh (vs. ₹54,010 lakh in Q1 FY26).

Profitability & Tax Expense

Profit Before Tax (PBT): Rose 21.10% YoY to ₹68,645 lakh in Q1 FY27, up from ₹56,685 lakh in Q1 FY26.

Tax Expenses: Net tax expense totaled ₹17,441 lakh (Current Tax of ₹13,421 lakh and Deferred Tax charge of ₹4,020 lakh), compared to ₹14,757 lakh in Q1 FY26.

Share of Profit from Associate: Contributed ₹3,842 lakh during Q1 FY27, up from ₹3,287 lakh in Q1 FY26.

Profit Attributable to Owners of the Company: Stood at ₹54,941 lakh for Q1 FY27, up 21.51% YoY from ₹45,215 lakh in Q1 FY26.

Total Comprehensive Income: Expanded to ₹55,130 lakh for Q1 FY27 compared to ₹45,025 lakh in Q1 FY26.

Earnings Per Share & Capital Base

Basic & Diluted EPS: Advanced to ₹13.62 per share for Q1 FY27 (face value of ₹5.00 each, not annualised), up 21.50% YoY from ₹11.21 per share in Q1 FY26.

Paid-Up Equity Share Capital: Remained stable at ₹20,169 lakh (face value of ₹5.00 per share).