Mazagon Dock Shipbuilders Limited, a government shipbuilding company, increased its profit by 76% year-on-year (YoY) to Rs 585 crore in the second quarter (July-September) of FY 2025. The net profit was Rs 333 crore in the same quarter a year ago. Mazagon Dock released its second-quarter results today on November 5, 2024.
Mazagon Dock revenue increased by 51% to Rs 2,757 crore
The consolidated revenue from the company’s operations stood at Rs 2,757 crore. It has increased by 51% on an annual basis. In the same quarter a year ago, the company generated a revenue of Rs 1,828 crore. Revenue refers to the amount that businesses receive from selling goods and services.
Mazagon Dock shares gave a return of 116% in one year
After the results, the company’s stock rose by about 4% and closed at Rs 4,187. Mazagon Dock’s stock has given a return of 116% in one year. The company’s stock has risen by 86% in the last six months. The company’s market cap is Rs 84.6 thousand crores.
In 1774, they started the company by building a dry dock
Mazagon Dock Shipbuilders Limited is a leading government shipbuilding company. Its history dates back to 1774 when builders constructed a small dry dock at Mazagon. The dry dock gradually grew and became incorporated as a private limited company in 1934.
After the government took it over in 1960, the company grew and became India’s leading warship-building yard. Since 1960, The company has built 801 ships, including 27 warships and 7 submarines.
The company has also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, and water tankers for various customers in India and abroad. As of the March quarter, the government remained the largest shareholder in the company with a whopping 84.8% stake.
