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%.
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