New Delhi, July 30 -- Mazagon Dock Shipbuilders, a leading defence public sector shipyard under the Ministry of Defence (MoD), announced its financial results for the June-ended quarter (Q1 FY27) on Wednesday, July 30, after market hours.

The defence major reported a consolidated net profit of Rs.550 crore in Q1 FY27, up 22% from Rs.452 crore in the corresponding quarter last year, but lower than the Rs.674 crore reported in the preceding March quarter.

At the top line, revenue from operations stood at Rs.2,943 crore in Q1 FY27, up 12% from Rs.2,626 crore in the corresponding quarter last year. However, on a sequential basis, revenue declined 26% from Rs.3,850 crore reported in the March quarter.

At the operating level, the company pos...