Mazagon Dock Q3 Results: Net profit increases 29% to ₹807 crore; check key details

Mazagon Dock reported a 28.8% increase in its consolidated net profit to ₹807 crore as compared to ₹627 crore.

Revenue from operations grew 33% to ₹3,144 crore in the October-December FY25. The company’s revenue during Q3FY24 stood at ₹2,362 crore.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) saw a 51.5% jump to ₹817 crore in the reporting quarter as against ₹539 crore corresponding quarter last financial year. Mazagon Dock’s EBITDA margin advanced by 317 basis points (bps) to 26% in Q3FY25 as compared to 22.8% in Q3FY24.

Shares of the company was trading 1.88% higher at ₹2238.85 apiece on BSE.

Mazagon Dock (MDL) also declared a total interim dividend for FY25 for ₹467.72 crore i.e. ₹23.19 per share (231.90% of face value ₹10), which is the highest ever, the company said.

The company in FY25 plans to provide one destroyer, one frigate, and a submarine. Its order book stood at ₹39,800 crore as of 2QFY25. Its potential significant projects include the P75-I submarines, four P17A stealth frigates, four next-generation destroyers, and the P17 Bravo project. The firm has also secured a ₹19,900 crore contract from the Ministry of Defence to construct an Air Independent Propulsion Plug to improve conventional submarines' endurance.