Mazagon Dock’s Q1FY26 profit fell 35% YoY to ₹452 crore despite 11.4% revenue growth; margins dropped sharply.

• EBITDA plunged 53% YoY to ₹301 crore; margin contracted to 11.46% from 27.23% in Q1FY25.
• Provisions surged over ₹540 crore from ₹3 lakh last year, significantly impacting profitability and overall performance.
• Employee and procurement costs rose; Goa Shipyard’s ₹32.9 crore contribution offered some relief to the bottom line.