New Delhi: Shares of government-owned defense company Mazagon Dock Shipbuilders Ltd (MDL) witnessed strong momentum on Tuesday, rising by up to 2 percent to hit an intraday high of Rs 2,881. The rally came after the company reported a 28 percent year-on-year rise in net profit for the latest quarter, alongside higher revenue and a dividend announcement. Notably, the stock has gained 50 percent from its recent low levels.

Quarterly Results Show Strong Growth

MDL reported a Profit After Tax (PAT) of Rs 749 crore, up from Rs 585 crore a year ago — a jump of 28 percent.

Revenue from operations grew 6 percent to Rs 2,929 crore, compared to Rs 2,757 crore in the same quarter of FY2025. Sequentially, revenue rose 11.5 percent from Rs 2,626 crore in the first quarter of FY2026. Read Also Mu

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