Mazagon Dock Shipbuilders Ltd deals with the building and repairing of different types of vessels including submarines, ships, and related products for both domestic and international customers.
Financial Results:
In Q3FY23, the company reported a 55 percent increase in net profits which stood at INR 337 crore owing to a 17 percent rise in operations which amounted to INR 1816 crore. This is in comparison to Q3 FY22.
In Q3FY23, the company’s EBITDA margin increased by 46 percent from INR 323 crore, which was recorded in the year-ago period, to INR 472 crore.
In the third quarter of FY23, the PAT rose by 49 percent from INR 304 crore recorded in the third quarter of FY22 to INR 452 crore.
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