Mazagon Dock in Mumbai | Photocredit: Handout_e_mail
Mazagon Dock Shipbuilders shares fell by 5.17 percent to £ 3,557.30 on Friday after the company had reported a sharp decrease in profit in the fourth quarter despite the marginal sales growth. The share was opened at £ 3,470 and reached a low point of £ 3,426.10 before recovering from the morning low points. The trade volume rose to 57.86 Lakh shares worth £ 2,045 crore when the shares started with futures and options dealing with the debut in June series.
The net profit fell to £ 325 crore of £ 663 crore in the quarter of a year ago, while sales rose slightly to £ 3,174 crore of £ 3,104 crore. The EBITDA margins of the company were drastically pressed to 2.8 percent of 16 percent in the basic quarter, with EBITDA falling from more than 80 percent on an annual basis. Higher employee benefit costs and sub-contract costs were strongly used operational performance.
The shipbuilder had provisions for surplus stocks drawn up from ships with expired guarantees during the quarter of December. The management indicated that these provisions would be reversed when components are used in future projects because they remain in good condition.
Despite the weak quarter showing, Mazagon Dock surpassed his sales and margin guidelines for the entire year. The stock broke a seven -day winning series with the deterioration of Friday. Many analysts retain the buying ratings on the shares planned for Friday evening prior to the profit call of the management. With F&O, it is available now, there is one plot of 175 shares with a margin of 28.17 percent.
Published on May 30, 2025
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