State-owned shipbuilding company Mazagon Dock Shipbuilders Ltd's profit for the second quarter of fiscal 2025 (July-September) rose 76% year-on-year (YoY) to Rs. 585 crores. Net profit was ₹ 333 crore in the same quarter a year ago. Mazagon Doc announced its second quarter results today i.e. 5th November.
Mazgaon dock revenues increased by 51% to Rs. 2,757 crores Consolidated income from operations of the company is Rs. 2,757 crores. There has been an increase of 51% year-on-year. In the same quarter a year ago, the company posted Rs. 1,828 crore in revenue. The amount received from the sale of goods and services is called revenue.
Mazagon Dock shares returned 116% in one year After the results, the company's shares rose nearly 4%, to Rs. closed at the level of 4,187. Mazagon Dock shares have returned 116% in one year. Shares of the company have gained 86% in the last six months. The market cap of the company is 84.6 thousand crore rupees.
The company started in 1774 by building a dry dock Mazagon Dock Shipbuilders Limited is a leading government shipbuilding company. Its history dates back to 1774, when a small dry dock was built at Mazgaon. It grew gradually and was incorporated as a private limited company in 1934.
After it was taken over by the government in 1960, Mazagon Dock developed rapidly and became India's premier warship building yard. Since 1960, Mazagon Dock has built a total of 801 ships. This includes 27 warships and 7 submarines.
The company has also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers to various customers in India as well as abroad. The government is the largest shareholder in Mazagon Dock with 84.8% stake as of the March quarter.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
