Mazagon Dock Shipbuilders shares crash 10% after Q2 net profit tumbles 54%; firm declares Rs 5/share dividend
Mazagon Dock moved lower in a quarterly results development for Q2 FY27.
· ET Stocks, Economic Times Markets
Mazagon Dock Shipbuilders shares plunged 10% after the state-owned company reported a 54% year-on-year decline in Q2 FY27 net profit to Rs 344 crore. Revenue from operations fell 16.5% to Rs 2,446 crore, while margins contracted sharply. The company also declared an interim dividend of Rs 5 per share.
Key facts
- Period
- Q2 FY27
The analysis
Mazagon Dock reported Rs 5, Rs 344 crore and Rs 2,446 crore for Q2 FY27, with movement of 10%, 54% 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.
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
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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