Mazagon Dock Shipbuilders Ltd Q3FY24; 76% rise in Profits

Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.

Financial Results:

Mazagon Dock Shipbuilders Ltd reported Revenues for Q3FY24 of ₹2,362.00 Crores up from ₹1,816.00 Crore year on year, a rise of 30.07%.

Total Expenses for Q3FY24 of ₹1,844.00 Crores up from ₹1,539.00 Crores year on year, a rise of 19.82%.

Consolidated Net Profit of ₹592.00 Crores up 75.67% from ₹337.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹29.33, up 75.42% from ₹16.72 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.