Mazagon Dock Q3 Results: Cons PAT jumps 29% YoY to Rs 807 crore; revenue up 33%

Mazagon Dock on Friday reported 29% year-on-year (YoY) growth in its consolidated net profit to Rs 807 crore for the quarter ended December 31, 2024. The same stood at Rs 627 crore in the last year quarter.

Revenue from operations grew 33% YoY to Rs 3,144 crore in the quarter under review, compared with Rs 2,362 crore in the same quarter of last year.

EBITDA for the third quarter jumped 51% YoY to Rs 817 crore as against Rs 539 crore posted in the same period of last year. Margins, meanwhile, improved to 26%.

On a sequential basis, net profit after tax increased 38% from Rs 585 crore posted in the preceding September quarter. Revenues improved 14% quarter-on-quarter.

Total expenses rose 28% YoY to Rs 2,367 crore in the reporting third quarter from Rs 1,845 crore in the corresponding quarter of the previous fiscal.