Mazagon Dock Shipbuilders Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Mazagon Dock Shipbuilders Ltd reported a 13.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 30.4%.
- Its expenses for the quarter were up by 4.3% QoQ and 28.3% YoY.
- The net profit increased 37.9% QoQ and increased 28.8% YoY.
- The earnings per share (EPS) of Mazagon Dock Shipbuilders Ltd stood at 20 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3430.06 | 3011.11 | 2631.08 | 13.9% | 30.4% |
Total Expenses | 2367.49 | 2270.62 | 1844.85 | 4.3% | 28.3% |
Profit Before Tax | 1062.57 | 740.49 | 786.23 | 43.5% | 35.1% |
Tax | 294.35 | 187.73 | 194.69 | 56.8% | 51.2% |
Profit After Tax | 807.04 | 585.08 | 626.78 | 37.9% | 28.8% |
Earnings Per Share | 20.00 | 29.00 | 31.10 | -31.0% | -35.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mazagon Dock Shipbuilders Ltd is a prominent Indian shipbuilding company with a focus on constructing and repairing warships and submarines for the Indian Navy and other clients. The company operates primarily within the defense sector, providing critical maritime defense solutions. As a key player in the shipbuilding industry, Mazagon Dock Shipbuilders Ltd has been involved in various significant projects that contribute to national defense capabilities. The company is known for its advanced manufacturing facilities and capabilities, which support its role in the strategic defense industry. Recent developments in the sector or company-specific events are not specified in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Mazagon Dock Shipbuilders Ltd reported total income of ₹3430.06 crores. This reflects a quarter-over-quarter (QoQ) increase of 13.9% compared to ₹3011.11 crores in Q2FY25, and a year-over-year (YoY) increase of 30.4% from ₹2631.08 crores in Q3FY24. The substantial growth in total income over the past year indicates robust financial performance for the period under review. This trend suggests that the company has been successful in enhancing its revenue generation capabilities.
Profitability
Mazagon Dock Shipbuilders Ltd recorded a profit before tax of ₹1062.57 crores in Q3FY25, marking a significant increase of 43.5% QoQ from ₹740.49 crores in Q2FY25 and a 35.1% YoY increase from ₹786.23 crores in Q3FY24. After accounting for taxes of ₹294.35 crores, the profit after tax stood at ₹807.04 crores, up 37.9% QoQ from ₹585.08 crores in the preceding quarter and 28.8% YoY from ₹626.78 crores in the same quarter of the previous year. The earnings per share (EPS) were reported at ₹20.00 in Q3FY25, a decrease from ₹29.00 in Q2FY25 and ₹31.10 in Q3FY24, resulting in a YoY decline of 35.7% and a QoQ decline of 31.0%.
Operating Metrics
Total expenses for Mazagon Dock Shipbuilders Ltd in Q3FY25 were ₹2367.49 crores, showing a moderate QoQ increase of 4.3% from ₹2270.62 crores in Q2FY25 and a significant YoY rise of 28.3% from ₹1844.85 crores in Q3FY24. The increase in expenses is consistent with the expansion in total income, suggesting operational scaling. The tax expense for the quarter was ₹294.35 crores, reflecting a 56.8% QoQ rise from ₹187.73 crores in Q2FY25 and a 51.2% YoY increase from ₹194.69 crores in Q3FY24. This increase in tax expense corresponds with the higher profit before tax, maintaining proportionality with the company’s enhanced profitability.
