Mazagon Dock share price plunged over 5% in early trade on Tuesday after the PSU defence company posted its Q1 results. Mazagon Dock shares declined as much as 5.19% to ₹2,644.90 apiece on the BSE.
The state-run defence PSU, Mazagon Dock Shipbuilders reported a net profit of ₹452 crore in the first quarter of FY26, registering a fall of 35% from ₹696.10 crore in the corresponding quarter of the previous fiscal year.
The company’s revenue from operations in Q1FY26 rose 11% to ₹2,625.6 crore from ₹2,357 crore, year-on-year (YoY).
At the operational level, EBITDA during the quarter ended June 2025 decreased 53% to ₹301 crore from ₹642 crore, while EBITDA margin contracted to 11.4% from 27.4%, YoY.
At 9:35 AM, Mazagon Dock share price was trading 3.92% lower at ₹2,680.55 apiece on the BSE.
