Aerospace & Defence company Mazagon Dock Shipbuilders announced Q4FY26 & FY26 results Standalone Financial Highlights For Q4FY26, Revenue from Operations stood at Rs 3,684 crore, representing a QoQ growth of 2.31% compared to Rs 3,601 crore in Q3FY26 and a YoY increase of 16.07% from Rs 3,174 crore in Q4FY25. Total Income for Q4FY26 was Rs 3,965 crore, up 2.64% QoQ from Rs 3,863 crore and 13.35% YoY from Rs 3,498 crore in Q4FY25. Profit After Tax (PAT) for Q4FY26, was Rs 464 crore, reflecting a QoQ decrease of 44.56% from Rs 837 crore in Q3FY26, but a YoY growth of 41.90% compared to Rs 327 crore in Q4FY25. EBITDA for Q4FY26 was reported at Rs 657 crore, compared to Rs 1,149 crore in Q3FY26 and Rs 443 crore in Q4FY25. Profit Before Tax (PBT) for Q4FY26 stood at Rs 625 crore, compared to Rs 1,120 crore in Q3FY26 and Rs 406 crore in Q4FY25. For the full year FY26, Revenue from Operations reached Rs 12,840 crore, marking a 12.32% increase over Rs 11,432 crore in FY25. Annual Total Income for FY26 grew to Rs 13,982 crore from Rs 12,591 crore in the previous year. The annual Profit After Tax (PAT) for FY26 was Rs 2,436 crore, a growth of 4.77% compared to Rs 2,325 crore in FY25. The company reported an EBITDA of Rs 3,402 crore for FY26 compared to Rs 3,248 crore in FY25, with an operating margin of 16%. Standalone Net Worth as of March 31, 2026, stood at Rs 8,843 crore. Consolidated Financial Highlights Consolidated Revenue from Operations for Q4FY26 was Rs 3,850 crore, an increase of 6.91% QoQ from Rs 3,601 crore and 21.30% YoY from Rs 3,174 crore in Q4FY25. Total Consolidated Income for the quarter was Rs 4,134 crore, up 7.02% QoQ from Rs 3,863 crore and 19.45% YoY from Rs 3,461 crore in Q4FY25. Consolidated Profit After Tax (PAT) for Q4FY26 stood at Rs 674 crore, a QoQ decline of 23.41% from Rs 880 crore in Q3FY26, but a significant YoY growth of 107.38% compared to Rs 325 crore in Q4FY25. For the full year FY26, Consolidated Revenue from Operations was Rs 13,006 crore, up 13.77% from Rs 11,432 crore in FY25. Annual Consolidated Total Income for FY26 reached Rs 14,146 crore, compared to Rs 12,543 crore in FY25. Consolidated PAT for FY26 was Rs 2,578 crore, reflecting a 6.79% increase over Rs 2,414 crore in the previous year. Consolidated Net Worth as of March 31, 2026, was reported at Rs 9,984 crore. Business Highlights The company's total Order Book as of March 31, 2026, stood at Rs 20,535 crore. Segment-wise Order Book Performance: Shipbuilding: The segment holds a balance of Rs 12,892 crore. Key projects include P17A Stealth Frigates (Rs 8,257 crore balance), ICGS vessels (Rs 2,690 crore balance), and P15B Destroyers (Rs 863 crore balance). Submarine and Heavy Engineering: The segment holds a balance of Rs 7,643 crore. This includes ONGC projects (Rs 3,320 crore balance), P75 Kalvari Submarines (Rs 1,722 crore balance), and AIP projects (Rs 1,687 crore balance). Acquisition: Mazagon Dock Shipbuilders Limited secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 236.95 crore, bringing Sri Lanka's largest shipyard under its operational control. Project Milestones: INS Taragiri, the third Stealth Frigate of P17A, was commissioned on April 3, 2026. Udaygiri, the second ship under Project 17A, was commissioned on August 26, 2025. Delivery of the third Stealth Frigate of P17A Class ‘TARAGIRI’ to the Indian Navy occurred on November 28, 2025. Infrastructure: The company maintains a capacity for building 11 Submarines and 10 Warships concurrently. Contracts: Signed a contract with The Shipping Corporation of India Limited on March 18, 2026, for the construction and delivery of one 3,000 DWT Methanol Dual Fuel Diesel Electric Platform Supply Vessel. Result PDF