Mazagon Dock Shipbuilders rallied 3.15% to Rs 4,985 after the company's consolidated net profit zoomed 121.45% to Rs 696.10 crore in Q1 FY25 from Rs 314.34 crore reported in Q1 FY24.
Revenue from operations grew by 8.48% to Rs 2,357.02 crore in Q1 FY25 as compared with Rs 2,172.76 crore recorded in the corresponding quarter previous year.
Profit before tax stood at Rs 888.79 crore in Q1 FY25, registering a growth of 131.87% from Rs 383.32 crore posted in Q1 FY24.
EBITDA soared 126% year on year to Rs 913 crore in the quarter ended 30 June 2024. Operating margin jumped to 26% in Q1 FY25 as compared with 7% registered in Q1 FY24.
Total expenses were at Rs 1739.23 crore in Q1 FY25, down 14% YoY. Cost of materials consumed was at Rs 1106.19 crore (down 22.85% YoY) while power and fuel stood at Rs 4.74 crore (up 10.75% YoY) during the period under review.
The shipbuilding companys total order book stood at Rs 36,839 crore as on 30 June 2024.
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Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers.
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