Mazagon Dock‘s share price was seesawing on Tuesday morning ahead of the firm’s scheduled earnings release later in the day. On average, analysts expect the company’s revenue to jump around 30% to ₹2,398 crore with a net profit of ₹571 crore.

What To Expect: Ashika Research expects strong revenue growth for Mazagon Dock in Q2, driven by a significant delivery schedule, with peak revenue anticipated in FY26. They project healthy margins, supported by timely or early vessel deliveries.

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Key areas of focus include updates on bids for major projects like three additional Scorpene submarines, six submarines with lithium-ion batteries, next-gen corvettes, destroyers and frigates. Progress updates on three key deliveries this year — one destroyer from Project 15 Bravo, the first frigate of Project 17 Alpha and the sixth Scorpene submarine — are also anticipated.

Nirmal Bang projected a 912 basis point year-on-year margin expansion for Mazdock and acknowledged the company’s robust order book, valued at ₹36,800 crore as of Q1FY25. Key potential projects include P75-I submarines, P17A stealth frigates, next-gen destroyers and P17 Bravo in collaboration with Graden Reach Shipbuilders.

Price Action: Mazagon Dock’s share price was up 0.24% to trade at ₹4,036.55 as the markets opened on Tuesday.

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