The Economic Times

Mazagon Dock Shipbuilders shares crash 10% after Q2 net profit tumbles 54%; firm declares Rs 5/share dividend

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.