Mazagon Dock Share Price Gains Post Q3 Results
Mazagon Dock's revenue saw an uptick of 33.1% at Rs 3,144 crore, compared to Rs 2,362 crore in the same period last year.
Shares of Mazagon Dock Shipbuilders Ltd. gained after the company's net profit beat estimates in the third quarter of fiscal 2025.
The net profit of the company rose 30% to Rs 768 crore this year. It had reported net profit at Rs 591 crore in the previous year. The revenue saw an uptick of 33.1% at Rs 3,144 crore, compared to Rs 2,362 crore in the same period last year.
Editda was up 51.5% at Rs 817 crore in the third quarter, against Rs 539 crore in the same period last year. Margin expanded to 26% versus 22.8% last year.
Mazagon Dock Share Price
Shares of Mazagon Dock rose as much as 2.34% to Rs 2,250 apiece. It pared gains to trade 1.70% higher at Rs 2,235.85 apiece, as of 2:44 p.m. This compares to a 0.48% decline at the NSE Nifty 50.
The stock has declined 106.11% in the last 12 months. Total traded volume so far in the day stood at 2.74 times its 30-day average. The relative strength index was at 50.85.
Out of five analysts tracking the company, two maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 23%.
