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Consolidated net sales (including other operating income) of Mazagon Dock Shipbuilders for the quarter ended Mar 2023 has increased 48.85% to Rs 2078.59 crore. Operating profit margin has jumped from 5.54% to 10.13%, leading to 172.33% rise in operating profit to Rs 210.62 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 29.47% to 66.24%. Employee cost decreased from 14.41% to 10.07%. Other expenses fell from 50.58% to 13.56%. Power and Oil fuel cost rose from 0.23% to 0.25%. Expenses from contract fell from 6.93% to 3.75%. Other direct service cost fell from 31.28% to 4.41%. Provisions writeoffs cost fell from 3.58% to 1.02%. Other provisions fell from 3.58% to 1.02%. Other income rose 63.73% to Rs 211.24 crore. PBIDT rose 104.43% to Rs 421.86 crore. Provision for interest rose 38.03% to Rs 1.96 crore. Loan funds declined from Rs 11.64 crore as of 31 March 2022 to Rs 6.04 crore as of 31 March 2023. Inventories declined from Rs 7,700.10 crore as of 31 March 2022 to Rs 7,356.86 crore as of 31 March 2023. Sundry debtors were lower at Rs 1,002.33 crore as of 31 March 2023 compared to Rs 1,005.41 crore as of 31 March 2022. Cash and bank balance rose to Rs 13,286.42 crore as of 31 March 2023 from Rs 11,480.47 crore as of 31 March 2022. Investments rose to Rs 588.60 crore as of 31 March 2023 from Rs 542.32 crore as of 31 March 2022 . PBDT rose 104.89% to Rs 419.9 crore. Provision for depreciation fell 11.16% to Rs 20.37 crore. Fixed assets increased to Rs 1,068.59 crore as of 31 March 2023 from Rs 1,043.50 crore as of 31 March 2022. Intangible assets increased from Rs 8.06 crore to Rs 17.36 crore. Profit before tax grew 119.51% to Rs 399.53 crore. Share of profit/loss was 108.66% higher at Rs 29.4 crore. Provision for tax was expense of Rs 102.74 crore, compared to Rs 37.09 crore. Effective tax rate was 23.95% compared to 18.91%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 105.14% to Rs 326.19 crore. Full year results analysis.
Net sales (including other operating income) of Mazagon Dock Shipbuilders has increased 36.52% to Rs 7827.18 crore. Operating profit margin has jumped from 7.58% to 10.21%, leading to 83.76% rise in operating profit to Rs 798.80 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 46.97% to 56.80%. Employee cost decreased from 13.93% to 10.13%. Other expenses fell from 31.51% to 22.87%. Power and Oil fuel cost fell from 0.26% to 0.21%. Expenses from contract fell from 7.49% to 5.81%. Other direct service cost fell from 18.80% to 8.86%. Provisions writeoffs cost fell from 1.79% to 1.50%. Other provisions fell from 1.79% to 1.50%. Other income rose 67.17% to Rs 685.83 crore. PBIDT rose 75.70% to Rs 1484.63 crore. Provision for interest fell 11.03% to Rs 6.37 crore. Loan funds declined from Rs 11.64 crore as of 31 March 2022 to Rs 6.04 crore as of 31 March 2023. Inventories declined from Rs 7,700.10 crore as of 31 March 2022 to Rs 7,356.86 crore as of 31 March 2023. Sundry debtors were lower at Rs 1,002.33 crore as of 31 March 2023 compared to Rs 1,005.41 crore as of 31 March 2022. Cash and bank balance rose to Rs 13,286.42 crore as of 31 March 2023 from Rs 11,480.47 crore as of 31 March 2022. Investments rose to Rs 588.60 crore as of 31 March 2023 from Rs 542.32 crore as of 31 March 2022 . PBDT rose 76.44% to Rs 1478.26 crore. Provision for depreciation rose 1.44% to Rs 75.58 crore. Fixed assets increased to Rs 1,068.59 crore as of 31 March 2023 from Rs 1,043.50 crore as of 31 March 2022. Intangible assets increased from Rs 8.06 crore to Rs 17.36 crore. Profit before tax grew 83.77% to Rs 1,402.68 crore. Share of profit/loss was 52.86% higher at Rs 72.96 crore. Provision for tax was expense of Rs 356.61 crore, compared to Rs 186.22 crore. Effective tax rate was 24.17% compared to 23.36%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 83.20% to Rs 1,119.03 crore. Equity capital stood at Rs 201.69 crore as of 31 March 2023 to Rs 201.69 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 84.83% as of 31 March 2023 ,compared to 84.83% as of 31 March 2022 .
| Mazagon Dock Shipbuilders : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 2,078.59 | 1,396.43 | 48.85 | 7,827.18 | 5,733.28 | 36.52 | | OPM (%) | 10.13 | 5.54 | 459 bps | 10.21 | 7.58 | 262 bps | | OP | 210.62 | 77.34 | 172.33 | 798.80 | 434.70 | 83.76 | | Other Inc. | 211.24 | 129.02 | 63.73 | 685.83 | 410.27 | 67.17 | | PBIDT | 421.86 | 206.36 | 104.43 | 1,484.63 | 844.97 | 75.70 | | Interest | 1.96 | 1.42 | 38.03 | 6.37 | 7.16 | -11.03 | | PBDT | 419.90 | 204.94 | 104.89 | 1,478.26 | 837.81 | 76.44 | | Depreciation | 20.37 | 22.93 | -11.16 | 75.58 | 74.51 | 1.44 | | PBT | 399.53 | 182.01 | 119.51 | 1402.68 | 763.3 | 83.77 | | Share of Profit/(Loss) from Associates | 29.4 | 14.09 | 108.66 | 72.96 | 47.73 | 52.86 | | PBT before EO | 428.93 | 196.1 | 118.73 | 1475.64 | 811.03 | 81.95 | | EO Income | 0 | 0 | - | 0 | -13.97 | - | | PBT after EO | 428.93 | 196.1 | 118.73 | 1475.64 | 797.06 | 85.14 | | Taxation | 102.74 | 37.09 | 177.00 | 356.61 | 186.22 | 91.50 | | PAT | 326.19 | 159.01 | 105.14 | 1119.03 | 610.84 | 83.20 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 326.19 | 159.01 | 105.14 | 1119.03 | 610.84 | 83.20 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 326.19 | 159.01 | 105.14 | 1119.03 | 610.84 | 83.20 | | EPS (Rs)* | 16.17 | 7.88 | 105.14 | 55.48 | 30.81 | 80.10 | | | * EPS is on current equity of Rs 201.69 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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