Mazagon Dock Q3 Results: Shipbuilding firm Mazagon Dock Shipbuilders Ltd. will be announcing its December 2024 quarter results soon.
Public sector company Mazagon Dock Shipbuilders manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It has a shipbuilding yard in Mazagon. The company also makes tankers, cargo bulk carriers, passenger ships and ferries. Mazagon Dock Shipbuilders' total market capitalisation is valued at over Rs 89,000 crore.
Here is everything you need to know about Mazagon Dock Shipbuilders' Q3 results.
Mazagon Dock Q3 Results: Date And Time
Mazagon Dock Shipbuilders on Jan. 29 said that it will declare its Q3 results on Friday, Feb. 7 after a meeting of its board of directors.
"This is to inform that a meeting of the Board of Directors of Mazagon Dock Shipbuilders Limited is scheduled on Friday, 7th February 2025, inter alia, to consider and approve the Unaudited Financial Results (Standalone & Consolidated) for the period ended on 31st December 2024," it said in a stock exchange filing.
Mazagon Dock Shipbuilder Q3 Earnings Call Details
The company will also hold an earnings call at 5 p.m. on Feb. 7, it said in a separate filing on Feb. 4.
“We inform that the Management team of the Company shall be participating in the Q3FY25 Investor Earnings Call organized by Nirmal Bang Institutional Equities on Friday, 07 February 2025 at 1700 hours,” it said.
Senior management of the company including Sanjeev Singhal (Chairman and Managing Director, and Director - Finance), Biju George (Director - Shipbuilding) and Cdr Vasudev Puranik IN (Retd) (Director - Corporate Planning & Personnel, and Director - Submarine & Heavy Engineering) will represent the company during the call.
Mazagon Dock Share Price History
Shares of Mazagon Dock Shipbuilders Ltd. have plunged over 5% on the NSE over its last five trading sessions. The shares have risen 4.7% in the past month, but have fallen by almost 4% over the last six months. Mazagon Dock has given a bumper return of 107.6% to investors in a year.
At 10:22 a.m. on Thursday, Mazagon Dock shares were trading 1.26% higher at Rs 2,231.20 apiece on the NSE, as compared to a flat benchmark Nifty 50.
Mazagon Dock Q2 Result Highlights
Mazagon Dock Shipbuilders Ltd. reported a 51% increase in revenue to Rs 2,757 crore for Q2, compared to Rs 1,821 crore in the same quarter last year. Net profit rose by 76% to Rs 585 crore, up from Rs 332 crore year-on-year. Ebitda surged by 189% to Rs 511 crore, with margins expanding to 18.5% from 9.7%.
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