Hot Pursuit     31-May-23
Mazagon Dock gains as Q4 PAT surges 119% YoY
Mazagon Dock Shipbuilders rallied 3.19% to Rs 827 after the company's standalone net profit surged 119.4% to Rs 318 crore in Q4 FY23 as against Rs 144.92 crore posted in Q4 FY22.
Revenue from operations jumped 48.9% year on year to Rs 2,078.59 crore in Q4 FY23 over Q4 FY22.

EBITDA grew 115% to Rs 443 crore in the fourth quarter from Rs 206 crore recorded in the same period last year.

Profit before tax in Q4 FY23 stood at Rs 420.74 crore, up by 131.2% from Rs 182.01 crore in Q4 FY22.

During the quarter, operating profit zoomed to Rs 188 crore from Rs 53 crore posted in corresponding quarter previous year.

For the full year, the company's net profit soared 82.9% to Rs 1,072.72 crore on 36.5% rise in revenue to Rs 7,827.18 crore in FY23 over FY22.

Total order book as on 31 March 2023 stood at Rs 38,755 crore.

Mazagon Dock Shipbuilders is one of India's leading defence public sector undertaking shipyard under the Ministry of Defence. Its main activities are construction of warships and submarines.

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