Mazagon Dock Q2 Results: Shares rises by 3.9%, Net profit jumps 76% YoY to Rs 585 crore

State-owned Mazagon Dock Shipbuilders Q2 has reported a 75.7% year-on-year (YoY) increase in its consolidated net profit at Rs 585.08 crore for the quarter ended September 30, 2024 (Q2 FY25). The company reported a profit of Rs 332.88 crore in the year-ago period. 

The company reported a profit of Rs 332.88 crore in the year-ago period.  Revenue from operations came in at Rs 2,756.83 crore, up 50.8% against Rs 1,827.70 crore logged in the year-ago period.  Basic and diluted earnings per share (EPS) stood at Rs 29.01 against Rs 16.50 in the September 2023 quarter. 

Total income of the company increased by 44.8% to Rs 3,011.11 crore from Rs 2,079.18 crore registered in the corresponding quarter of the previous fiscal. Earnings before interest, tax, depreciation, and amortization (EBITDA) for the quarter under review increased to Rs 510 crore from Rs 176 crore registered in the year-ago quarter.

Read Also : GRSE Laid keels of first two Next Generation Offshore Patrol Vessels

The EBITDA margin more than doubled year-on-year, increasing to 18.5% from 9.6% in the September quarter of the previous year. Following the announcement of these results, the company’s shares were trading nearly 7% higher at Rs 4,304.05 per share on the BSE. Year-to-date (YTD), shares of Mazagon Dock Shipbuilders have risen over 87%, and in the past 12 months, the stock price has surged by 120%.

Read Also : RITES Ltd shares gains over 1.32%, secures tender from DMRC