Highlights

• MAZDOCK’s revenue from operations stood at ₹2,92,924 lakh during Q2 FY25.
• Profit after tax increased to ₹ 74,948 lakh on a consolidated basis in Q2 FY25.
• Interim dividend of ₹ 1 per equity share declared for FY25.

Mazagaon Dock Shipbuilders Limited (NSE:MAZDOCK) announced its consolidated unaudited financial results for the quarter and six months ended September 30, 2025. The company reported total income of ₹ 3,19,987 lakh in Q2 FY25, compared to ₹ 2,94,917 lakh in the previous quarter. Revenue from operations stood at ₹2,92,924 lakh, reflecting a quarter-on-quarter increase.

Total expenses for the quarter were ₹ 2,26,593 lakh, compared to ₹ 2,38,232 lakh in the June quarter. Profit before tax stood at ₹ 93,394 lakh, up from ₹ 56,685 lakh in Q1 FY25.

After accounting for tax expenses, consolidated profit for the quarter was ₹ 74,948 lakh, compared with ₹ 45,215 lakh in the previous quarter and ₹ 58,508 lakh in the same quarter last year.

Half-Yearly and Comparative Performance

For the six months ended September 30, 2025, the company’s total income was ₹6,14,904 lakh, against ₹ 5,64,794 lakh in the corresponding period of FY24. Profit before tax for H1 FY25 was ₹ 1,50,079 lakh, while profit after tax stood at ₹ 1,20,163 lakh.

The company’s share of profit from its associate, Goa Shipyard Limited, amounted to ₹ 7,248 lakh during the half-year period. Total comprehensive income for the period was ₹ 1,20,070 lakh.

Earnings per share (EPS) for the quarter were ₹ 18.58 on a consolidated basis.

Balance Sheet Position

As of September 30, 2025, total assets were valued at ₹ 25,95,213 lakh, compared with ₹ 28,70,772 lakh as of March 31, 2025. Equity stood at ₹ 8,91,027 lakh, while total liabilities amounted to ₹ 17,04,186 lakh.

Cash and cash equivalents were ₹ 4,31,815 lakh, with total current assets of ₹ 21,84,705 lakh. Contract liabilities decreased to INR 11,08,883 lakh from ₹ 15,49,439 lakh at the end of FY24.

Dividend and Other Updates

The Board of Directors, in its meeting held on October ₹ 27, 2025, declared an interim dividend of INR 1 per equity share for FY25.

The statutory auditors, M/s Sarda & Pareek LLP, conducted a limited review of the financial results and concluded that the statement was prepared in accordance with applicable Indian Accounting Standards and SEBI disclosure requirements.

Share performance

MAZDOCK shares are currently trading at ₹ 2,875.60 per share, slightly up by 2.33% from its previous close of ₹ 22810.