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Revenue from operations grew 33% YoY to Rs 3,144 crore in the quarter under review, compared with Rs 2,362 crore in the same quarter of last year.
EBITDA for the third quarter jumped 51% YoY to Rs 817 crore as against Rs 539 crore posted in the same period of last year. Margins, meanwhile, improved to 26%.
On a sequential basis, net profit after tax increased 38% from Rs 585 crore posted in the preceding September quarter. Revenues improved 14% quarter-on-quarter.
Total expenses rose 28% YoY to Rs 2,367 crore in the reporting third quarter from Rs 1,845 crore in the corresponding quarter of the previous fiscal.
Other income during the quarter rose to Rs 286 crore, while the same was Rs 269 crore in the previous-year quarter.Mazagon Dock is one of India’s leading shipyards, specializing in the construction of warships and submarines for the Indian Navy. It is renowned for its expertise in constructing sophisticated warships, including destroyers, frigates, corvettes, and submarines.The stock underwent a correction in the last six months as the share fell nearly 8% in this period, a trend that is echoed across the PSU space.
On Friday, following the results announcement, the stock gained nearly 2% to Rs 2,232 on NSE.
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https://economictimes.indiatimes.com/markets/stocks/earnings/mazagon-dock-q3-results-cons-pat-jumps-29-yoy-to-rs-807-crore-revenue-rises-33/articleshow/118010589.cms
