Mazagon Dock Shipbuilders reported a 51% year-on-year decline in its Q4FY25 consolidated net profit, amounting to Rs 325 crore, compared to Rs 663 crore in the same period the previous year. The company’s revenue from operations for the quarter was Rs 3,174 crore, reflecting a 2.3% increase over the Rs 3,103 crore reported during the corresponding quarter of the last financial year.
Profit after tax (PAT) dropped by 60% sequentially from Rs 807 crore in Q3FY25. Meanwhile, revenue from operations saw a marginal 1% increase compared to the Rs 3,144 crore reported in the October-December quarter of FY25.
Q4 expenses rose by 20%, totaling Rs 3,114.11 crore, compared to Rs 2,604 crore in the same quarter of the previous year, marking a 31% increase from Rs 2,367 crore in Q3FY25. These expenses included costs of materials consumed, procurement of base and depot spares, finance costs, and employee benefits.
For the full financial year, the profit was reported at Rs 2,414 crore, up 25% from Rs 1,937 crore in FY25. Annual revenue was Rs 11,432 crore, representing a 21% increase from Rs 9,467 crore in FY24.
The operating profit before working capital changes was Rs 2,165 crore as of March 31, 2025, compared to Rs 1,506 crore on March 31, 2024. Net cash from operating activities stood at Rs 2,078 crore for the year ending March 31, 2025, up from Rs 684 crore as of March 31, 2024. Mazagon Dock announced its earnings after market hours, with its shares ending at Rs 3,773 on the NSE, an increase of Rs 109.10 or 3% from the previous day’s closing price.
