Mazagon Dock Q1FY25 results, PAT goes up by 121% YoY

Mazagon Dock Shipbuilders shares surged by 3.15% to Rs 4,985 after the company's consolidated net profit was up by 121.45% to Rs 696.10 crore in Q1 FY25 from Rs 314.34 crore reported in Q1 FY24.

The company’s revenue from operations grew by 8.48% to Rs 2,357.02 crore in Q1 FY25 compared with Rs 2,172.76 crore recorded in the corresponding quarter of the 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 and the EBITDA is up by 126% year on year to Rs 913 crore in the quarter ended 30 June 2024. While Operating margin jumped to 26% in Q1 FY25 compared to 7% registered in Q1 FY24.

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Total expenses were at Rs 1739.23 crore in Q1 FY25, down 14% YoY. The cost of materials consumed was 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 PSU company has a total order book standing at Rs 36,839 crore as of 30 June 2024.

 

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