Mazagon Dock Shipbuilders Q2 Results Live: Profit Rises by 75.76% YoY

Mazagon Dock Shipbuilders Q2 Results Live : Mazagon Dock Shipbuilders declared their Q2 results on November 5, 2024, showcasing a significant increase in both revenue and profit. The company's topline surged by 50.84% year-over-year, while profit saw an impressive growth of 75.76%.

In comparison to the previous quarter, revenue displayed a steady growth of 16.96%. However, profit experienced a decline of 15.95%, indicating some fluctuations in the company's financial performance on a quarter-over-quarter basis.

The company's Selling, General & Administrative expenses saw a slight rise, increasing by 1.8% quarter-over-quarter and 0.33% year-over-year. This modest uptick in expenses suggests careful management of operational costs amidst the rising revenues.

Despite the challenges, the operating income reflected a remarkable year-over-year increase of 211.51%, although it decreased by 21.26% compared to the last quarter. This highlights the company's ability to generate substantial income compared to the same period last year.

Earnings Per Share (EPS) for Q2 stood at ₹29.01, marking a year-over-year increase of 75.82%. This strong EPS growth reinforces the company's profitability and efficiency in generating earnings for its shareholders.

Over the past week, Mazagon Dock Shipbuilders has delivered a return of 4.62%. The company has performed exceptionally well over the last six months, with a remarkable return of 94.01%, and an impressive year-to-date return of 84.04%.

Currently, Mazagon Dock Shipbuilders boasts a market capitalization of ₹84,665.43 Cr, with a 52-week high of ₹5,860 and a low of ₹1,795.4, indicating a robust position in the market.

As of November 6, 2024, out of three analysts covering the company, the ratings are mixed: one analyst has issued a Strong Sell rating, another a Sell rating, while one analyst has rated it as a Strong Buy, reflecting varying opinions on the company's future performance.