Mazagon Dock Shipbuilders has declared its second interim dividend of ₹7.5 per share for the financial year 2025-26, with the board approving the distribution at its meeting held on February 5, 2026. The company has set Friday, February 13, 2026 as the record date for determining shareholder eligibility.

Dividend Declaration Details

The board of directors approved the second interim dividend of ₹7.5 per equity share of ₹5 each fully paid-up, marking another significant return to shareholders during the current financial year. The payment will be completed on or before March 7, 2026, as per the Companies Act, 2013.

Shareholder Eligibility and Tax Implications

Shareholders holding shares in either electronic or physical form as on the record date of February 13, 2026 will be eligible to receive the dividend. The company has provided comprehensive guidelines regarding tax deduction at source (TDS) on dividend payouts, as dividend income became taxable in shareholders' hands from April 1, 2020.

For resident individual shareholders, no TDS will be deducted if the total dividend received during financial year 2025-26 does not exceed ₹10,000. However, TDS at 10.00% will be applicable for amounts exceeding this threshold, provided valid PAN details are available.

Regulatory Compliance and Documentation

The company has informed both BSE Limited and National Stock Exchange of India Limited about the dividend declaration under regulation 42. Mazagon Dock Shipbuilders has also issued detailed guidelines for shareholders regarding required documentation for TDS exemptions or lower deduction rates.

Shareholders seeking TDS benefits must submit necessary documents to the registrar and transfer agent, Alankit Assignments Limited, by the record date. The company emphasized that no claims will be entertained after February 13, 2026 regarding tax-related matters for this dividend payment.

Mazagon Dock Shipbuilders has released its third quarter financial results for FY 2025-26, demonstrating robust operational performance alongside significant achievements in naval vessel delivery and strategic partnerships. The defense shipbuilding company showcased strong revenue growth while maintaining healthy profitability metrics during the quarter.

Financial Performance Overview

The company's consolidated financial results for Q3 FY 2025-26 reflect strong business execution and project delivery capabilities. Revenue growth was accompanied by sustained profitability, though operating margins faced some pressure compared to the previous year.

Revenue and Profitability Analysis

Mazagon Dock Shipbuilders achieved consolidated revenue from operations of ₹36.01 billion in Q3 FY 2025-26, representing a significant increase from ₹31.44 billion in the corresponding quarter of the previous year. This growth of ₹4.57 billion demonstrates the company's strong project execution capabilities and order book conversion.

The company reported consolidated net profit of ₹8.80 billion for the third quarter, compared to ₹8.07 billion in Q3 FY25, marking a year-on-year growth of ₹0.73 billion. Total income reached ₹38.63 billion, up from ₹34.34 billion in the same period last year.

EBITDA and Operational Metrics

EBITDA for the quarter stood at ₹11.49 billion, compared to ₹11.08 billion in Q3 FY25, showing an increase of ₹0.41 billion. However, the operating margin declined to 24% from 25% year-on-year, indicating higher operational costs relative to revenue growth. The company maintained strong sequential growth with EBITDA improving from ₹9.65 billion in Q2 FY26.

Interim Dividend Declaration

The Board of Directors declared an interim dividend of ₹7.50 per equity share for eligible shareholders. The record date has been fixed as February 13, 2026, for determining shareholder eligibility for the dividend payment.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its unaudited financial results in Business Standard and Prahaar newspapers on February 7, 2026. The results were approved by the Board of Directors at their meeting held on February 5, 2026.

Major Corporate Developments

During the quarter, the company achieved several significant milestones including the delivery of the third stealth frigate 'Taragiri' to the Indian Navy on November 28, 2025. The company also signed strategic partnerships, including an exclusive MoU with Naval Group, France for evolved Scorpene submarines and a teaming agreement with Swan Defence and Heavy Industries for Landing Platform Dock construction.

Order Book and Future Outlook

The company maintains a robust order book of ₹23,758 crores as of December 31, 2025, spanning various naval platforms including destroyers, frigates, submarines, and coast guard vessels. Key projects include P17A stealth frigates, coast guard vessels, and submarine maintenance contracts, providing strong revenue visibility for future quarters.

Source: Mazagon Dock Shipbuilders Limited Corporate Investors Presentation Q3 FY 2025-26