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In the news

Mazagon Dock Shipbuilders Q2 results boost stock outlook

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Mazagon Dock Q3 profit up 9% YoY to ₹879.8 crore

Mazagon Dock Q3 Results: ₹879 Cr Net Profit, ₹7.50 Dividend
Company insights, generated from the most recent coverage.
Navratna status grants operational autonomy; government stake reduction to 76.22% maintains strategic control while improving governance transparency.
Defense sector re-rating and order book visibility attract institutional investors, supporting stock performance post-OFS.
Defense sector re-rating and multi-year order book visibility support premium valuations, allowing for lower 5-8% OFS discount.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Mazagon Dock maintains healthy margins but faces cyclical profit dips and a shrinking order pipeline.
Operating margin improves from 11% in Q1 FY26 to 19% in Q3 FY26, reflecting stable pricing power.
Order book contracts from ₹29,918 in Q1 FY26 to ₹20,535 in Q4 FY26, indicating pipeline execution pressure.
EBITDA falls from ₹2,739 in Q3 FY26 to ₹760 in Q1 FY27, signaling normalized profitability post-peak delivery.
PAT declines from ₹2,081 in Q3 FY26 to ₹510 in Q1 FY27, highlighting seasonal earnings volatility.
Revenue from operations dips from ₹3,850 in Q4 FY26 to ₹2,771 in Q1 FY27, showing expected quarterly booking fluctuations.
Total income normalizes from ₹10,012 in Q3 FY26 to ₹3,256 in Q1 FY27, reflecting one-off revenue recognition.