Mazagon Dock Shipbuilders has delivered strong quarterly performance for Q4, with standalone net profit surging 39.39% year-on-year to ₹460 crore compared to ₹330 crore in the corresponding quarter of the previous year. The defense shipbuilder also reported robust revenue growth of 16.09%, with quarterly revenue reaching ₹3,680 crore against ₹3,170 crore in Q4 of the previous year. The Board of Directors approved the audited financial results (standalone and consolidated) at its meeting held on April 30, 2026, and subsequently published the results in Business Standard and Navakal newspapers on May 2, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q4 Financial Performance

The latest quarterly results demonstrate the company's strong operational momentum and market position in India's maritime defense sector. The significant growth in both profitability and revenue reflects improved operational efficiency and strong order execution.

Annual Performance Highlights

For the full year FY26, the company maintained its strong performance trajectory with consolidated revenue from operations of ₹13,006.31 crore, representing a 13.77% increase from ₹11,431.88 crore in FY25. Annual profit for the year stood at ₹2,578.36 crore compared to ₹2,413.51 crore in the previous year, marking a 6.83% growth.

Dividend Declaration and Strategic Developments

The board has recommended a final dividend of ₹4.62 per equity share for FY26, bringing the total dividend for the year to ₹18.12 per share including interim dividends of ₹6.00 and ₹7.50 per share paid during the year. The company also completed the strategic acquisition of a 51% stake in Colombo Dockyard PLC during FY26, strengthening its regional presence.

Regulatory Compliance

In accordance with Regulation 47 of the SEBI (LODR) Regulations, 2015, the audited financial results for the quarter and year ended March 31, 2026 were published in Business Standard and Navakal newspapers on May 2, 2026. The statutory audit was conducted by M/s. Sarda & Pareek LLP, Chartered Accountants. The results are also available on the company's website at https://mazagondock.in and on the BSE and NSE websites.

Balance Sheet Strength

The company maintained robust financial health with total assets of ₹27,457.75 crore as of March 31, 2026. Equity base strengthened to ₹9,984.01 crore, while cash and cash equivalents stood at ₹2,731.42 crore, providing strong liquidity for future operations and growth initiatives.

Mazagon Dock Shipbuilders has announced a change in its board composition with the appointment of a new Government Nominee Part-Time Official Director. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Board Appointment Details

The Board of Directors approved the appointment of Shri Dinesh Mahur (DIN: 10862645) as Government Nominee Part-Time Official Director effective 30 April 2026. The appointment was made based on Letter No. 8(32)/2019-D (Coord/ DDP) dated 27 April 2026 issued by the Department of Defence Production, Ministry of Defence, Government of India.

Professional Background

Shri Dinesh Mahur brings extensive experience from various government departments and organizations. He is an officer of the Indian Telecom Service 1992 batch and has held several key positions throughout his career. His previous roles include Director in the Ministry of Home Affairs (2011-2016), Additional Director General in Prasar Bharti (2016-2020), and Joint Secretary in the Ministry of Mines (2024-25).

Regarding his educational qualifications, Shri Mahur holds multiple degrees:

• Engineering graduate from National Institute of Technology, Allahabad (1991)
• MA in Social Studies from International School of Social Studies, The Hague, Netherlands (2014)
• PGDM in Public Policy and Management from Management Development Institute, Gurugram (2024)

He has also established telecom companies with investment from Indian PSUs in the telecom sector in Nepal and Mauritius, working with these companies in leadership positions.

Director Transition

The appointment of Shri Mahur coincides with the cessation of Shri Rajeev Prakash (DIN: 08590061) as Government Nominee Part-Time Official Director. The transition was implemented following the withdrawal of nomination by the Ministry of Defence, Government of India.

Regulatory Compliance

The company confirmed that Shri Mahur is not debarred from holding the office of Director by virtue of any SEBI order or any other statutory authority. The disclosure also stated that there are no relationships between the new director and other existing directors of the company. Mazagon Dock Shipbuilders has fulfilled its disclosure obligations under the applicable SEBI regulations for this board change.