Mazagon Dock Q4 Results 2026: Profit up 42%, ₹4.62

March-quarter performance takes focus

Mazagon Dock Shipbuilders announced its March-quarter results alongside its audited financial results for the year ended 31 March 2026. The company flagged a sharp year-on-year improvement in profitability, supported by higher execution in shipbuilding and submarine projects. In one of the reported highlights, net profit for the quarter surged by nearly 42% year-on-year to ₹464 crore. Revenue from operations was also stated to have risen by 16% year-on-year in the same results update. The disclosures were made through stock exchange filings and related newspaper publication of the audited results.

Board meeting on 30 April 2026 and audited results approval

Mazagon Dock informed BSE that its Board of Directors meeting was scheduled for 30 April 2026. The agenda included consideration and approval of audited financial results, both standalone and consolidated, for the quarter and financial year ended 31 March 2026. The same meeting also included the item to recommend a final dividend, if any, for FY2025-26. After the meeting held on 30 April 2026, the board approved the audited financial results and recommended a final dividend. The company also referenced the submission of a newspaper publication copy as part of the compliance process.

Final dividend of ₹4.62 per share for FY2025-26

The board recommended a final dividend of ₹4.62 per equity share of face value ₹5 each for the financial year ended 31 March 2026. This recommendation was made by the Board of Directors at its meeting on 30 April 2026. The disclosure repeats the dividend recommendation in multiple places in the provided text, underlining that it applies to FY2025-26. The dividend is a board recommendation and is typically subject to shareholder approval, though the provided text mainly focuses on the board action. The company also has a record of interim dividends in earlier periods, as referenced in the same document set.

Detailed quarterly metrics reported for the period

Alongside the headline profit growth, another set of numbers in the provided material gives a more granular snapshot for the quarter. Revenue was stated at ₹2,625.59 crore, which was a quarter-on-quarter decrease of 17.29% from ₹3,174.41 crore, and a year-on-year growth of 11.39%. Operating profit was reported at ₹290.40 crore, down 6.51% QoQ from ₹310.62 crore, while still up 6.73% YoY. PBDT was reported at ₹170.63 crore, up 58.01% QoQ from ₹107.99 crore, but down 30.70% YoY. Profit before tax was reported at ₹599.72 crore, up 48.20% QoQ from ₹404.68 crore, and down 34.74% YoY. Net profit was reported at ₹452.15 crore, up 39.00% QoQ from ₹325.29 crore, and down 35.05% YoY.

Other figures mentioned in the publication bundle

The provided text also contains additional performance figures that appear to come from separate snapshots within the same compilation. It mentions “Gross Profit” of ₹863 crore, with QoQ growth of 28.70% and YoY growth of 11.13%. It also mentions “Net Profit” of ₹837 crore, with QoQ growth of 17.02% and YoY growth of 8.97%. Separately, it states revenue earned of ₹3,601 crore and net profit of ₹837 crore. The text also notes a dividend of ₹7.50 declared on 13 February 2026. These data points are presented without explicit linkage in the excerpt to a specific quarter or statement line item, so they should be read as part of the broader results compilation referenced in the filing.

Key numbers at a glance

Background from FY2023-24 annual report data

The same document set includes selected audited financial highlights from FY2023-24. Revenue from operations for FY2023-24 was stated at ₹9,466.58 crore, compared with ₹7,827.18 crore in FY2022-23. Profit before tax (before exceptional items) for FY2023-24 was ₹2,461.38 crore, compared with ₹1,429.33 crore in FY2022-23. Profit for the year in FY2023-24 was ₹1,845.43 crore, compared with ₹1,072.72 crore in FY2022-23. It also listed working capital of ₹3,153.84 crore and net worth of ₹5,570.68 crore for FY2023-24. These historical numbers provide context on the company’s scale and profitability in the period preceding the FY2025-26 dividend recommendation.

What investors typically track from such filings

Results announcements like this matter to investors because they combine business performance and shareholder payout signals. In this case, the disclosures point to execution-led performance commentary for shipbuilding and submarine projects, along with the final dividend recommendation for FY2025-26. Investors also watch whether quarter-on-quarter changes in revenue and operating profit align with expected project milestones and delivery schedules. The presence of multiple numeric snapshots in the same compilation highlights the importance of checking which statement and period each figure relates to. For dividend-focused shareholders, the final dividend recommendation of ₹4.62 per share and the earlier ₹7.50 dividend declaration are key reference points mentioned in the provided text.

Conclusion

Mazagon Dock Shipbuilders’ filings around the audited results for the quarter and year ended 31 March 2026 show a board-approved results package and a final dividend recommendation of ₹4.62 per share. The provided material also reports a March-quarter profit jump of about 42% year-on-year and includes detailed quarterly profitability and cash flow proxy metrics. The next formal step referenced in such processes is the shareholder approval cycle for a final dividend through the company’s meeting process, while investors will continue to track subsequent order execution and project delivery updates through future disclosures.