Mazagon Dock Shipbuilders reported a 26.12% YoY rise in PBT to Rs 933.94 crore, supported by lower material and employee costs.

• Revenue grew 6.25% YoY to Rs 2,929.24 crore, while total expenses slightly fell 0.36% in Q2 FY26.
• Material and employee costs dropped 12.22% and 3.45% YoY, boosting profitability and operational efficiency this quarter.
• The board declared the first interim dividend of Rs 6 per share; the record date is 4 November, and payment will be made before 26 November 2025.