Shares of Mazagon Dock Shipbuilders Ltd rose 1.75% to touch a day’s high of Rs 2,476.10 on 11th December. This occurred after the company, in association with the Indian Navy, announced on Wednesday (10th December) that it has signed an MoU with the Brazilian Navy. The collaboration aims to strengthen cooperation on the maintenance of Scorpène-class submarines and other naval vessels.

In a regulatory filing, Mazagon Dock said the agreement includes collaboration on procurement opportunities. Additionally, it involves sharing defense manufacturing expertise and joint work in research, development, and technological innovation.

In October, the company reported a 28.1% jump in consolidated net profit to Rs 749 crore for the quarter ended 30th September, 2025. This is up from Rs 585 crore a year earlier. The increase was supported by higher revenue and better margins.

Revenue from operations rose 6.3% year-over-year to Rs 2,929 crore, compared with Rs 2,756 crore last year. EBITDA grew 36.1% to Rs 695 crore from Rs 510.2 crore. Additionally, the operating margin improved to 23.7% from 18.5%, reflecting stronger cost control and operating leverage.

At 12:35 PM, shares of Mazagon Dock Shipbuilders were trading 1.67% higher at Rs 2,479.80 on NSE.

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