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Mazagon Dock Q1 Results: PAT skyrockets 121% YoY to Rs 696 crore, revenue rises 8.5%
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Mazagon Dock Shipbuilders on Wednesday reported a 121% YoY jump in its profit after tax (PAT) to Rs 696 crore for the quarter ended June 2024. The same stood at Rs 314.30 crore in the year-ago period.
The revenue from operations for the period was reported at Rs 2,357 crore against Rs 2,172.76 crore in the first quarter of the previous financial year. This is an increase of 8.5% on a year-on-year basis.
The company's EBITDA also witnessed a multifold surge of 273.5% YoY to Rs 642 crore for the June quarter. It stood at Rs 172 crore in the corresponding quarter of the previous financial year.
The EBITDA margins witnessed an increase of 1,934 bps at 27.3% in the first quarter.
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