Mazagon Dock Shipbuilders Q2 Results FY27: PAT Falls 54.09%, Revenue Rs 2,446.09 Cr, PAT Rs 344.11 Cr

Mazagon Dock Shipbuilders Ltd (MAZDOCK) Q2 Results FY27 announced on 27 October 2026, covering the company's financial performance for the July to September quarter. The company reported revenue of Rs 2,446.09 Cr and PAT of Rs 344.11 Cr, each lower than a year earlier. Mazagon Dock Shipbuilders Q2 Results FY27 are read here against the same quarter last year, with the results date of 27 October 2026 as the anchor.

This Mazagon Dock Shipbuilders Q2 Results analysis covers the financial highlights, business drivers, outlook and risks, building one results analysis from the declared numbers. Univest takes the reader through each figure in turn, and the Financial Highlights table below places this quarter beside the corresponding quarter of the previous year.

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Mazagon Dock Shipbuilders Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 2446.09 Cr	Rs 2929.24 Cr	-16.49% YoY
Net Profit (PAT)	Rs 344.11 Cr	Rs 749.48 Cr	-54.09% YoY

Source: company filing for Mazagon Dock Shipbuilders Q2 Results FY27, 27 October 2026. Figures in Rs Crore.

Key Takeaways from Mazagon Dock Shipbuilders Q2 Results: What Stands Out

• Revenue of Rs 2,446.09 Cr was 16.49% lower than the Rs 2,929.24 Cr reported in the same quarter a year earlier.
• Net profit of Rs 344.11 Cr fell 54.09% from Rs 749.48 Cr, a steeper YoY move than the revenue change.
• Net profit margin of 14.1% compares with 25.6% in the comparison quarter, a narrowing visible in Mazagon Dock Shipbuilders Q2 Results FY27.
• Return on equity of 27.37% and return on capital employed of 36.51% for FY26 give the longer-run context for this quarter.
• A debt-to-assets ratio of 0.05 in FY26 and a quarterly profit range of Rs 344.11 Cr to Rs 879.78 Cr lead into the performance analysis.

Mazagon Dock Shipbuilders Q2 Results FY27: Performance Analysis

Mazagon Dock Shipbuilders reported Q2 FY27 revenue of Rs 2,446.09 Cr, down 16.49% YoY, and net profit of Rs 344.11 Cr, down 54.09% YoY. Both lines were lower than in the same quarter last year, with the profit line moving by a wider margin than revenue.

In this results analysis, Mazagon Dock Shipbuilders Q2 Results FY27 show net profit margin at 14.1% against 25.6% a year earlier. Revenue slipped from Rs 2,929.24 Cr to Rs 2,446.09 Cr, while net profit moved from Rs 749.48 Cr to Rs 344.11 Cr, so net profit moved by a wider percentage than revenue.

Investors reading Mazagon Dock Shipbuilders Q2 Results will want to see how later quarters compare, because the last 5 quarters have produced net profit anywhere between Rs 344.11 Cr and Rs 879.78 Cr. That spread frames the quarterly results and leads into the disclosed business factors that sit behind the results analysis.

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Key Business Factors This Quarter

Return on Equity – The results analysis begins with returns: return on equity was 27.37% in FY26, a figure that describes the profitability the company earned on shareholder funds before the lower quarterly net profit reported now.

Return on Capital Employed – Return on capital employed was 36.51% in FY26. This longer-period measure sits beside Mazagon Dock Shipbuilders Q2 Results FY27 and shows the capital efficiency recorded for the full year ahead of the latest quarter.

Low Debt Position – The company is almost debt free, with a debt-to-assets ratio of 0.05 in FY26. That balance-sheet position is part of the background to the quarterly results and is unchanged by one quarter's profit.

FY27 Outlook After Mazagon Dock Shipbuilders Q2 Results

Full-year FY27 results for Mazagon Dock Shipbuilders will depend on the quarters still to be reported and on disclosed sector conditions. This results analysis makes no projection beyond the declared figures, and net profit of Rs 344.11 Cr is the base that later quarters will be compared against.

Mazagon Dock Shipbuilders Q2 Results FY27 also sit within a pattern where quarterly net profit has ranged between Rs 344.11 Cr and Rs 879.78 Cr over the last 5 quarters. Later filings will show where within that range the company lands, and the risks below set out what to track.

Key Risks to Watch After Mazagon Dock Shipbuilders Q2 Results FY27

Revenue Decline

Revenue declined 16.5% YoY to Rs 2,446.09 Cr in the latest quarter. Readers of Mazagon Dock Shipbuilders Q2 Results FY27 can use later filings to see whether revenue stays at this level or moves back toward the prior-year figure.

Net Profit Fall and Margin

Net profit fell 54.1% YoY to Rs 344.11 Cr, and net profit margin narrowed to 14.1% from 25.6% in the comparison quarter. YoY growth in profit will be the figure to follow.

Volatile Quarterly Profit

Quarterly net profit has been volatile, ranging from Rs 344.11 Cr to Rs 879.78 Cr over the last 5 quarters, so a single quarter should be read as one point within a wide band.

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Conclusion

Mazagon Dock Shipbuilders Q2 Results FY27 show revenue of Rs 2,446.09 Cr, down 16.49% YoY, and net profit of Rs 344.11 Cr, down 54.09%. Across the quarterly results, return ratios and low debt give context for the year. Readers tracking Mazagon Dock Shipbuilders Q2 Results on Univest should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Mazagon Dock Shipbuilders Q2 Results FY27

What are Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. Mazagon Dock Shipbuilders Q2 Results FY27 are the quarterly results for July to September 2026, showing revenue of Rs 2,446.09 Cr and net profit of Rs 344.11 Cr, both lower YoY, as the Financial Highlights section sets out.

What is the results date for Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. The results date for Mazagon Dock Shipbuilders Q2 Results FY27 is 27 October 2026, when Mazagon Dock Shipbuilders declared its numbers, so every YoY comparison in the Performance Analysis section uses that declaration as its reference.

What revenue was reported in Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. Mazagon Dock Shipbuilders reported revenue of Rs 2,446.09 Cr in the Q2 FY27 quarter, compared with Rs 2,929.24 Cr a year earlier, which means the Financial Highlights table shows a YoY fall.

What net profit was reported in Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. Mazagon Dock Shipbuilders reported net profit of Rs 344.11 Cr for Q2 FY27, against Rs 749.48 Cr in the same quarter last year, alongside the revenue change covered in the Performance Analysis.

How much YoY growth did revenue show in Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. Revenue showed a YoY change of minus 16.49% in Q2 FY27, while net profit changed by minus 54.09%, so profit fell by the wider margin, as the Key Takeaways section notes.

Did net profit rise or fall in Mazagon Dock Shipbuilders Q2 Results?

Ans. Net profit fell in Mazagon Dock Shipbuilders Q2 Results, dropping to Rs 344.11 Cr from Rs 749.48 Cr, a 54.09% decline, which means the bottom line moved by more than revenue as described in the analysis.

What was the net profit margin in Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. Net profit margin was 14.1% in Mazagon Dock Shipbuilders Q2 Results FY27, narrower than the 25.6% recorded in the comparison quarter, and this change is discussed in the Performance Analysis section.

How does revenue in Mazagon Dock Shipbuilders Q2 Results compare with the prior year?

Ans. Revenue in Mazagon Dock Shipbuilders Q2 Results was Rs 2,446.09 Cr against Rs 2,929.24 Cr a year earlier, a 16.49% fall, which means the YoY basis in the Financial Highlights table applies to revenue and net profit alike.

What business factors shaped Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. Disclosed factors are return on equity of 27.37% and return on capital employed of 36.51% in FY26, plus a debt-to-assets ratio of 0.05, covered in the Key Business Factors section.

What are the key risks after Mazagon Dock Shipbuilders Q2 Results FY27?

Ans. The risks noted are a 16.5% revenue decline, a 54.1% fall in net profit with margin at 14.1%, and volatile quarterly profit, which means caution applies, as the Key Risks section explains.

What is the outlook after Mazagon Dock Shipbuilders Q2 Results?

Ans. Full-year FY27 results will depend on the remaining quarters and disclosed sector conditions, so no projection is made beyond the declared figures, as the FY27 Outlook section on the page states.

Where can I find the complete Mazagon Dock Shipbuilders Q2 Results FY27 data?

Ans. The Financial Highlights table on this Univest page lists revenue and net profit against the prior year, and the Univest Screener lets readers track later filings for Mazagon Dock Shipbuilders.