Mazagon Dock Shipbuilders Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	128,403	130,063	114,319	94,666	78,272	57,333
Other Revenue	-515.2	-	-	-	-	-
Revenue	127,888	130,063	114,319	94,666	78,272	57,333
Revenue Growth	7.71%	13.77%	20.76%	20.95%	36.52%	41.64%
Cost of Revenue	84,290	83,924	70,353	66,542	56,235	40,752
Gross Profit	43,597	46,140	43,966	28,124	22,037	16,580
Selling, General & Admin	10,974	10,296	10,559	9,526	8,587	8,752
Other Operating Expenses	13,977	13,176	12,495	4,439	5,432	3,311
Operating Expenses	26,040	24,439	24,206	14,796	14,775	12,807
Operating Income	17,558	21,701	19,760	13,328	7,262	3,773
Interest Expense	-721.2	-715.7	-240.7	-88.4	-90.2	-134.8
Interest & Investment Income	10,305	10,305	10,298	9,990	6,067	3,517
Earnings From Equity Investments	1,709	1,565	1,362	1,281	729.6	477.3
Currency Exchange Gain (Loss)	-2.9	-2.9	-12.7	-0.2	1	-1.4
Other Non Operating Income (Expenses)	725.5	725.5	457.8	283.2	367.9	293.5
EBT Excluding Unusual Items	29,573	33,578	31,624	24,794	14,337	7,925
Gain (Loss) on Sale of Investments	0.1	0.1	-	-	-	-
Gain (Loss) on Sale of Assets	20.4	20.4	7.9	14.8	9	10.1
Other Unusual Items	332	332	346.7	718.8	370.8	9.9
Pretax Income	29,928	33,933	31,978	25,529	14,756	7,971
Income Tax Expense	7,192	8,149	7,843	6,160	3,566	1,862
Earnings From Continuing Operations	22,736	25,784	24,135	19,370	11,190	6,108
Minority Interest in Earnings	15.7	49.1	-	-	-	-
Net Income	22,752	25,833	24,135	19,370	11,190	6,108
Net Income to Common	22,752	25,833	24,135	19,370	11,190	6,108
Net Income Growth	-2.52%	7.03%	24.60%	73.09%	83.19%	18.87%
Shares Outstanding (Basic)	403	403	403	403	403	403
Shares Outstanding (Diluted)	403	403	403	403	403	403
Shares Change	0.01%	-	-	-	-	-
EPS (Basic)	56.40	64.04	59.83	48.02	27.74	15.14
EPS (Diluted)	56.40	64.04	59.83	48.02	27.74	15.14
EPS Growth	-2.52%	7.04%	24.60%	73.10%	83.19%	18.87%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	-17,226	-31,304	12,973	2,426	13,748	-2,038
Free Cash Flow Per Share	-42.70	-77.60	32.16	6.01	34.08	-5.05
Dividend Per Share	12.120	18.120	17.305	13.725	7.980	4.365
Dividend Growth	3.50%	4.71%	26.08%	71.99%	82.82%	20.58%
Gross Margin	34.09%	35.48%	38.46%	29.71%	28.16%	28.92%
Operating Margin	13.73%	16.68%	17.29%	14.08%	9.28%	6.58%
Profit Margin	17.79%	19.86%	21.11%	20.46%	14.30%	10.65%
Free Cash Flow Margin	-13.47%	-24.07%	11.35%	2.56%	17.56%	-3.55%
EBITDA	18,409	22,430	20,668	14,014	8,018	4,518
EBITDA Margin	14.39%	17.24%	18.08%	14.80%	10.24%	7.88%
D&A For EBITDA	851.2	729	908.1	686	755.8	745.1
EBIT	17,558	21,701	19,760	13,328	7,262	3,773
EBIT Margin	13.73%	16.68%	17.29%	14.08%	9.28%	6.58%
Effective Tax Rate	24.03%	24.02%	24.53%	24.13%	24.17%	23.36%
Revenue as Reported	139,282	141,457	125,435	105,681	85,140	61,436
Advertising Expenses	-	63.1	114.7	69.2	75.3	27.8