New Delhi, July 29 -- Mazagon Dock share price plunged over 5% in early trade on Tuesday after the PSU defence company posted its Q1 results. Mazagon Dock shares declined as much as 5.19% to Rs.2,644.90 apiece on the BSE.

The state-run defence PSU, Mazagon Dock Shipbuilders reported a net profit of Rs.452 crore in the first quarter of FY26, registering a fall of 35% from Rs.696.10 crore in the corresponding quarter of the previous fiscal year.

The company's revenue from operations in Q1FY26 rose 11% to Rs.2,625.6 crore from Rs.2,357 crore, year-on-year (YoY).

At the operational level, EBITDA during the quarter ended June 2025 decreased 53% to Rs.301 crore from Rs.642 crore, while EBITDA margin contracted to 11.4% from 27.4%, YoY.

The ...