Mazagon Dock Shipbuilders Limited reported a strong financial performance for the third quarter ended December 31, 2024. The company’s net profit surged by 29% YoY to ₹807.04 crore, compared to ₹626.78 crore in Q3 FY24, driven by higher operational efficiency and improved margins.
Key Financial Highlights:
- Revenue from Operations: ₹3,143.62 crore, up 19.7% YoY compared to ₹2,628.47 crore in Q3 FY24, reflecting continued growth in shipbuilding and defense projects.
- Net Profit: ₹807.04 crore, a 29% YoY increase from ₹626.78 crore, driven by higher operational gains and effective cost management.
- EBITDA: ₹817 crore, significantly up from ₹539 crore in Q3 FY24, reflecting a 51.5% YoY increase.
- EBITDA Margin: 25.99% for the quarter compared to 22.82% in the same period last year, reflecting enhanced operational efficiency.
Operational Efficiency Driving Performance
Mazagon Dock’s EBITDA margin expansion reflects its successful efforts in managing costs and increasing productivity in shipbuilding and defense contracts. The company also benefited from higher execution rates and timely project completions.
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