Mazagon Dock Q4 Results: Profit Plunges 51% As Higher Expenses Bite, Margin Takes Sharp Hit

• Revenue up 2.3% to Rs 3,174.4 crore versus Rs 3,103.6 crore.

• Ebitda down 83% to Rs 90 crore versus Rs 524 crore.

• Margin at 2.8% versus 16.9%.

• Net Profit down 51% to Rs 325 crore versus Rs 663 crore.

For the whole year, profit jumed 26% to Rs 2,277 crore versus Rs 1,809 crore in FY24.

The company's board has recommended a final dividend of Rs 2.71 per equity share for the financial year 2024-25.

Shares of Mazagon Dock Shipbuilders closed 2.98% higher at Rs 3,773 apiece on the NSE, compared to a 0.33% advance in the benchmark Nifty 50. The stock has risen by 122.36% in the last 12 months and 68.6% in the year-to-date basis.

Four out of six analysts tracking the company, maintain a 'buy' rating on the stock, one recommends a 'hold' and one suggests a 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 32.1%.