Mazagon Dock Shipbuilders reported strong March quarter performance, with net profit rising nearly 42% year-on-year to Rs 464 crore. The surge was powered by better execution across shipbuilding and submarine projects, while revenue from operations increased 16%. The board has recommended a final dividend of Rs 4.62 per share for FY ended March 2026.
Nuvama Institutional Equities expects AMFI’s H2 CY26 categorisation to be reshuffled as market-cap thresholds change. Some stocks currently tagged as largecaps, including Mazagon Dock, could be moved into midcaps, while midcaps may drift toward smallcap status. The shift highlights how valuation swings can rapidly alter India’s equity segmentation.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Germany’s Defence Minister Boris Pistorius says the country expects to finalize an $8 billion submarine cooperation agreement with India within the next three months. The project is led by German warship maker TKMS and India’s Mazagon Dock Shipbuilders. Negotiations have been underway for several months, with both sides now moving toward signing the pact.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
