Mazagon Dock Q1 Results: 39.8% YoY increase in net profit at Rs 314.3 crore

State-run Mazagon Dock Shipbuilders Ltd (MDL) announced a 39.8% YoY rise in net profit at Rs 314.3 crore for the first quarter ended June 30, 2023 on Thursday.

Mazagon Dock Shipbuilders reported a net profit of Rs 224.8 crore in the same period last year, according to a regulatory filing.

During the fiscal year under review, the total revenue was Rs 2,172.8 crore, a 2.6% decrease from Rs 2,230 crore in the previous fiscal year.

EBITDA fell 1.2% to Rs 171.8 crore in the first quarter of current fiscal year, down from Rs 173.9 crore in the same time last year.

The EBITDA margin in the reporting quarter was 7.9%, compared to 7.8% in the prior fiscal period.

The results were announced after the market closed.

Source: Media Reports