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3w ago

Mazagon Dock Q4 Profit Plummets 51%; Shares Tumble Over 7% on EBITDA Collapse

Cost pressures drove the sharp margin squeeze following the PSU’s Navratna autonomy

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Mazagon Dock shares snap winning streak, tumble 8%. Here's why
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Overview

  • For the March quarter, net profit fell 51% to Rs 325.3 crore from Rs 663 crore a year earlier.
  • Q4 revenue rose 2.3% to Rs 3,174.4 crore, but EBITDA sank 83% to Rs 90 crore as cost pressures intensified.
  • Shares slid more than 7% in early trade on May 30, snapping a six-day winning streak and touching an intraday low near Rs 3,426.
  • The board has proposed a final dividend of Rs 2.71 per share for FY25, pending shareholder approval at the upcoming AGM.
  • Over FY25, net profit climbed 25% to Rs 2,414 crore and revenue grew 21% to Rs 11,432 crore, underpinned by a robust order book.