Mazagon Dock's Q2 profit falls 54% to ₹344 crore; ₹5 interim dividend declared

What happened

• Mazagon Dock reported consolidated net profit of ₹344 crore for the September 2026 quarter against ₹749 crore a year earlier, down 54%, Upstox and Kotak Neo reported. Revenue from operations fell to ₹2,446 crore from ₹2,929 crore, a decline Upstox put at 16.4% and Kotak Neo at 16.5%.
• Kotak Neo gave EBITDA as ₹199 crore against ₹694 crore, down 71.3%, with the margin at 8.1% against 23.7%. Upstox quoted the company citing higher provisions, other expenses and employee costs; Kotak Neo cited increased provisions and subdued revenue.
• The board declared an interim dividend of ₹5 a share with a record date of 3 November and payment on or before 26 November, both outlets said. Kotak Neo added that the board approved ₹1,250 crore of credit facilities for its Sri Lankan subsidiary and proposed raising authorised share capital from ₹323.72 crore to ₹900 crore.
• The shares closed at ₹1,754 against ₹1,875 on Monday on Kite data, a fall of 6.45% by my calculation; Kotak Neo gave 6.46%. They touched ₹1,687.50 during the session, which Upstox described as a 10% intraday fall. Kotak Neo's report is timed at 4:53 PM and Upstox's at 4:56 PM.

Why it matters

Good to know: A record date is the day on which a company checks its register of shareholders to decide who receives a dividend. Here it is 3 November, with payment to follow by 26 November.

Key facts

Consolidated net profit

₹344 crore (₹749 crore a year earlier), down 54%

Revenue from operations

₹2,446 crore (₹2,929 crore), down about 16.5%

EBITDA, per Kotak Neo

₹199 crore (₹694 crore); margin 8.1% (23.7%)

Interim dividend

₹5 a share; record date 3 November; paid by 26 November

Sri Lankan subsidiary credit facilities, per Kotak Neo

₹1,250 crore approved

Read the source

• Mazagon Dock Q2 results: Profit declines 54% to ₹344 crore, ₹5/share dividend declared; stock crashes 10% intradayUpstox
• Mazagon Dock Q2 Results: Profit Slumps 54% On Higher Provisions; Board Clears ₹5 Interim DividendKotak Neo