Mazagon Dock Q2 FY26 – Strong Operational Growth, Profitability Expands

Mazagon Dock delivered another solid quarter driven by operational efficiency and robust order execution, reflecting steady demand in the defence manufacturing segment. • Sales: ↑ 6% YoY to ₹2,929 crore (vs ₹2,757 crore in Sep 2024) • EBIDT: ↑ 36% YoY to ₹695 crore (vs ₹511 crore) • Net Profit: ↑ 28% YoY to ₹749 crore (vs ₹585 crore) • EPS: ↑ 28% YoY to ₹18.58 (vs ₹14.50) At a price of ₹2,810, market cap ₹1.13 lakh crore, and PE 48.6, Mazagon Dock continues to maintain healthy growth momentum. Strong EBITDA and profit expansion underline improved cost efficiency and execution strength, supporting its long-term outlook in the defence and shipbuilding sector.