More Stories

Informist, Monday, Jul. 28, 2025

--Mazagon Dock Apr-Jun consol PAT INR 4.52 bln vs INR 6.96 bln year ago 

--Mazagon Dock Apr-Jun consol revenue INR 26.26 bln vs INR 23.57 bln year ago 

--Mazagon Dock Q1 consol total expenses INR 23.48 bln vs INR 17.39 bln yr ago 

By Shakshi Jain

NEW DELHI – Mazagon Dock Shipbuilders Ltd. Monday posted a sharp decline in its year-on-year consolidated bottom line for the June quarter owing to a substantial rise in expenses related to procurement of base and depot spares. The shipbuilding company's top line, however, rose year-on-year for the eighth consecutive quarter. 

Mazagon Dock's net profit declined 35% on year to INR 4.52 billion for the June quarter. The net profit increased by 39% from the previous quarter. Meanwhile, its revenue rose 11% on year to INR 26.26 billion during the quarter. Sequentially, the top line was down 17%.  

Total expenses of the company rose faster than its top line during the June quarter at 35% on year to INR 23.48 billion. The rise in total expenses was the highest in three quarters. Sequentially, total expenses declined 25%, the first fall in four quarters. 

The rise in total expenses of the company in the June quarter was led by a nearly 87% rise in expenses related to procurement of base and depot spares to INR 2.04 billion. Employee benefit expenses of the company rose almost 10% on year to INR 2.50 billion during the quarter while sub-contract expenses grew over 9% to INR 1.94 billion. The overall rise in the company's total expenses was capped by a 19% decline in costs of materials consumed at INR 8.91 billion. Input costs, which comprise a majority share in the expense pie of the company, accounted for 38% of the overall expenses incurred in Apr-Jun.

Mazagon Dock recorded a tax outgo of INR 1.48 billion during the June quarter, down 34% on year. Its other income in Apr-Jun totalled INR 2.89 billion, up 7% on year. 

Monday, shares of the company ended at INR 2,789.90 on the National Stock Exchange, down 3.4% from the previous close.  The company announced its results after market hours. End

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.