Latest news with #MazagonDockShipbuilders
India Today
4 days ago
- Business
- India Today
Mazagon Dock shares snap winning streak, tumble 8%. Here's why
Shares of Mazagon Dock Shipbuilders tumbled 8% in early trade on Friday, May 30, snapping a six-day winning streak after the defence PSU reported a sharp drop in March quarter stock fell to an intraday low of Rs 3,450, retracing from Thursday's close of Rs 3,749. Around 10:07 am, shares of the company were trading 4.75% lower at Rs 3, Mumbai-based shipbuilder, which constructs warships and submarines for the Indian Navy, reported a 51% year-on-year decline in consolidated net profit for Q4 FY25. Net profit came in at Rs 325.3 crore, down from Rs 663 crore in the same period last year. Revenue showed a marginal uptick, rising 2.3% to Rs 3,174.4 crore from Rs 3,103.7 crore a year ago. However, the biggest disappointment was on the operational front. EBITDA plunged 83% to Rs 90 crore in the March quarter, compared to Rs 524 crore in the corresponding quarter of earnings miss triggered a sharp reaction in the stock, which had been on a strong run. Over the past year, Mazagon Dock shares have surged 123%, while the two-year and three-year gains stand at 868% and 2,497%, of the previous trading session, the company's market capitalisation stood at Rs 1.51 lakh crore. Around 2.99 lakh shares changed hands on the BSE on Thursday, generating a turnover of Rs 111.18 company also proposed a final dividend of Rs 2.71 per share, pending shareholder approval at the upcoming Annual General Meeting. This follows an interim dividend of Rs 11.595 per share (adjusted from Rs 23.19 due to a stock split) and a second interim dividend of Rs 3.00 per share paid earlier in the Dock Shipbuilders Ltd, under the Ministry of Defence, is a critical player in India's shipbuilding ecosystem, catering to both defence and commercial clients. While long-term fundamentals remain tied to defence contracts, the latest results underscore the earnings volatility that can weigh on even high-performing PSUs.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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Business Standard
4 days ago
- Business
- Business Standard
Mazagon Dock sinks 8% on posting decline in Q4 net profit YoY; Details
Mazagon Dock Shipbuilders shares slipped 7.9 per cent in trade on Friday, May 30, 2025, logging an intraday low at ₹3,450 per share on BSE. Dalal Street gave a thumbs down to the company after it posted a 51 per cent decline in net profit year-on-year (Y-o-Y). At 9:53 AM, Mazagon Dock share price was down 4.53 per cent at ₹3,580 per share on the BSE. In comparison, the BSE Sensex was down 0.16 per cent at 81,499.42. The market capitalisation of the company stood at ₹1,44,531.05 crore. The 52-week high of the stock was at ₹3,778 per share and the 52-week low of the stock was at ₹1,200 per share. In the past one year, Mazagon Dock shares have given multi-bagger returns of 127 per cent as compared to Sensex's rise of 10 per cent. Mazagon Dock Q4 results 2025 The state-owned shipping company reported its Q4 results on Thursday, after market hours which showed that its consolidated net profit in Q4FY25 declined 51 per cent to ₹325.3 crore as against ₹662.97 crore a year ago. Its revenue from operations stood at ₹3,174.41 crore as compared to ₹3103.65 crore a year ago, up 2.3 per cent. Mazagon Dock dividend 2025 The company recommended a final dividend of ₹2.71 per equity share of ₹5 each fully paid up for the financial year 2024-25. About Mazagon Dock Shipbuilders The history of Mazagon Dock dates back to 1774 when a small dry dock was constructed in Mazagon. Over the years, the company has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy and Coast Guard. The state-owned company is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. According to its official website, the company has built a total of 805 vessels since 1960, including 30 warships, ranging from advanced destroyers to missile boats as well as 8 submarines. For both national and global clientele. It has also provided cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. Jackets, wellhead platform main decks, process platforms, jack-up rigs, and other products have also been manufactured and delivered by the company.
Business Standard
4 days ago
- Business
- Business Standard
Mazagon Dock slips after Q4 PAT slides 51% YoY to Rs 325 cr
Mazagon Dock Shipbuilders fell 5.61% to Rs 3,539.05 after the company's consolidated net profit declined 50.93% to Rs 325.29 crore, while revenue from operations rose 2.28% to Rs 3,174.41 crore in Q4 March 2025 over Q4 March 2024. Profit before tax (PBT) stood at Rs 369.81 crore in Q4 FY25, registering a decline of 56.42% year-on-year and 65.2% quarter-on-quarter. Total expenses rose 19.16% to Rs 3,114.11 crore in Q4 FY25 over Q4 FY24. During the quarter, the cost of materials consumed stood at Rs 1083.22 crore (down 37.3% YoY), while employee benefits expense was at Rs 277.84 crore (up 23.1% YoY). The company's net profit slipped 59.69%, while net sales rose 0.98% in Q4 March 2025 over Q3 December 2024. For the full year FY25, revenue from operations advanced 20.70% to Rs 11,431.88 crore, while net profit jumped 24.6% to Rs 2,413.51 crore. Meanwhile, the companys board has recommended a final dividend of Rs 2.71 per fully paid-up equity share of Rs 5 each for the financial year 202425. If declared, the dividend will be paid within 30 days from the date of its declaration at the Annual General Meeting (AGM) for the year ended 31 March 2025, the date of which will be announced in due course. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.
Business Standard
4 days ago
- Business
- Business Standard
Sensex, Nifty pare gains; metal shares decline
The key equity indices reversed all gains and traded with minor losses in the morning trade, weighed down by rising uncertainty over US tariffs under former President Donald Trump's trade policies. Metal shares slipped after advancing for the past consecutive trading session. The Nifty traded below the 24,750 mark. At 10:29 ST, the barometer index, the S&P BSE Sensex, declined 230.59 points or 0.28% to 81,402.02. The Nifty 50 index fell 76.15 points or 0.31% to 24,757.30. In the broader market, the S&P BSE Mid-Cap index fell 0.39% and the S&P BSE Small-Cap index shed 0.12%. The market breadth was negative. On the BSE, 1,544 shares rose and 1,930 shares fell. A total of 181 shares were unchanged. Earnings Today: Apollo Hospitals Enterprise (up 0.21%), Vodafone Idea (down 2.38%), FSN E-Commerce Ventures (Nykaa) (down 0.29%), Ashiana Housing (up 0.74%), AstraZeneca Pharma India (up 0.76%), Ahluwalia Contracts (India) (up 0.87%), Valor Estate (up 0.66%), Easy Trip Planners (up 0.45%), Fiem Industries (up 1%), Genesys International Corporation (down 0.80%), Genus Power Infrastructures (up 0.42%), Greenlam Industries (down 1.20%), Indo Count Industries (up 1.09%), TCPL Packaging (down 1.16%) will announce their quarterly earnings later today. Buzzing Index: The Nifty Metal index fell 1.28% to 9,231.50. The index slipped 1.28% in previous consecutive trading session. Vedanta (down 2.69%), NMDC (down 1.94%), Hindalco Industries (down 1.91%), Jindal Stainless (down 1.58%) and APL Apollo Tubes (down 1.21%), Hindustan Zinc (down 1.1%), Lloyds Metals & Energy (down 1.08%), Hindustan Copper (down 1.02%), National Aluminium Company (down 1.01%) and Tata Steel (down 0.75%) declined. Stocks in Spotlight: Mazagon Dock Shipbuilders tanked 5.31% after the company reported 50.9% decline in consolidated net profit to Rs 325.29 crore, despite a 2.3% increase in net sales to Rs 3,174.41 crore in Q4 Mach 2025 over Q4 March 2025. Landmark Cars tumbled 6.05% after its consolidated net profit fell 86.6% YoY to Rs 1.42 crore in Q4 FY25. Net sales jumped 26.3% YoY to Rs 1091.22 crore in the quarter ended 31st March 2025.. Ola Electric Mobility slipped 5.07% after its consolidated net loss widened to Rs 870 crore in Q4 FY25 as compared with net loss of Rs 416 crore in Q4 FY24. Net sales tumbled 61.8% YoY to Rs 611 crore in Q4 FY25. Mazagon Dock Shipbuilders fell 5.61% after the company's consolidated net profit declined 50.93% to Rs 325.29 crore, while revenue from operations rose 2.28% to Rs 3,174.41 crore in Q4 March 2025 over Q4 March 2024.
News18
4 days ago
- Business
- News18
Mazagon Dock Shipbuilders Shares Plunge 7% As Q4 Net Profit Slumps 51%; Should You Buy?
Last Updated: Shares of state-run defence PSU Mazagon Dock Shipbuilders Ltd fell over 7% in early trade on Friday; What should investors do? Mazagon Dock Shipbuilders Share: Shares of state-run defence PSU Mazagon Dock Shipbuilders Ltd fell over 7% in early trade on Friday, May 30, following a sharp 51% year-on-year drop in net profit for Q4FY25. The company's net profit for the January-March quarter slipped to Rs 325.3 crore from Rs 663 crore in the year-ago period. Revenue from operations for the quarter rose marginally by 2.3% YoY to Rs 3,174.4 crore, compared to Rs 3,103.7 crore in the previous year. However, operating performance was under pressure, with EBITDA plunging 83% to Rs 90 crore from Rs 524 crore. For the full financial year, Mazagon Dock Shipbuilders reported a 25% rise in net profit to Rs 2,414 crore, up from Rs 1,937 crore in FY24, while revenue climbed 21% to Rs 11,432 crore. At 9:18 am, shares were trading at Rs 3,485.4 on the NSE, down 7.6%. The defence shipbuilder has recently been in focus amid reports of potential Navy orders worth Rs 44,000 crore. According to a Times of India report, the procurement of 12 advanced mine countermeasure vessels (MCMVs) will soon be placed before the Defence Acquisition Council for clearance. The MCMVs are expected to strengthen India's maritime defence by detecting and neutralising underwater mines. Despite Friday's slide, Mazagon Dock shares have surged 130% in the past year, far outpacing the Nifty 50's 10.4% gain. First Published: May 30, 2025, 10:10 IST
