Mazagon Dock Shipbuilders reported a 51% year-on-year decline in its Q4FY25 consolidated net profit at Rs 325 crore versus Rs 663 crore posted in the year ago period.
The company’s revenue from operations in the said quarter stood at Rs 3,174 crore, gaining by 2.3% over Rs 3,103 crore reported in the corresponding quarter of the last financial year.
The profit after tax (PAT) fell 60% on a sequential basis Rs 807 crore reported by the state-run company in Q3FY25 while the revenue from operations saw a marginal uptick of 1% on the quarter-on-quarter basis against Rs 3,144 crore reported in the October-December quarter of FY25.
The company’s Q4 expenses jumped 20% at Rs 3,114.11 crore versus Rs 2,604 crore in the corresponding quarter of the last financial year. It was 31% higher from Rs 2367 crore posted in Q3FY25 crore. The expenses were made under the heads like cost of materials consumed, procurement of base and depot spares, finance costand employee benefit expenses.
However, for the full financial year the profit was reported at Rs 2,414 crore versus Rs 1,937 crore in FY25. This translates into a 25% uptick. The revenue in the full financial year stood at Rs 11,432 crore against Rs 9467 crore in FY24, recording a 21% surge.
The company’s operating profit before working capital changes stood at Rs 2,165 crore as on March 31, 2025 versus Rs 1,506 crore as on March 31, 2024. The net cash from operating activities stood at Rs 2,078 crore in the one-year period ended March 31, 2025 versus Rs 684 crore as on March 31, 2024. The company announced its earnings after market hours and Mazagon Dock shares today ended at Rs 3,773 on the NSE, up by Rs 109.10 or 3% over the Wednesday closing price.