Mazagon Dock Q2 Results: Profit Falls 54%, Margins Contract Sharply To 8.1%
Mazagon Dock moved lower in a quarterly results development.
· NDTV Profit
Revenue from operations declined 16.5% year-on-year to Rs 2,446 crore from Rs 2,929 crore in the year-ago quarter.
The analysis
Mazagon Dock reported Rs 2,446 crore and Rs 2,929 crore, with movement of 54%, 8.1% and 16.5% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -6.5% on the day at ₹1,754.00, and has returned -24.7% over three months. It sits 38% below its 52-week high, which means a good deal of bad news was already in the price. The defence & aerospace sector has moved -3.2% over the same period, so Mazagon Dock is running 21.5 points behind its peers.
For Mazagon Dock, the question is how much of this is already reflected in the price and how much re-rates the defence & aerospace peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Mazagon Dock (MAZDOCK), in Defence & Aerospace.
- Over three months: Mazagon Dock -24.7% against Defence & Aerospace -3.2% (21.5 points behind).
- At least 25% below the 52-week high: Mazagon Dock (38%).
- Trading well above normal today: Mazagon Dock at 5.4 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Mazagon DockMAZDOCK · Defence & Aerospace | ₹1,754.00 | -6.5% | -20.3% | -24.7% | -38.0% | 5.4× | — |
Defence & Aerospace
1M -6.8% · 3M -3.2%
Mazagon Dock
Prices as of 27 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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