Mazagon Dock Share Price: Mazagon Dock Shipbuilders shares surge 3% post Q2 results

The shares of Mazagon Dock Shipbuilders went up by nearly 3% to the day’s high of Rs 4,328 on the BSE after the announcement of Q2 results.

The company reported a 75.7% YoY jump in its profit after tax (PAT) to Rs 585 crore for the quarter ended September 2024. The same stood at Rs 332.9 crore in the year-ago period.

The revenue from operations for the period went up to Rs 2,756.8 crore, up from Rs 1,827.7 crore in the same quarter of the previous financial year, marking a 50.8% increase on year-on-year (YoY).

The company’s EBITDA went up by 189.1% YoY to Rs 511 crore for the September quarter, compared to Rs 177 crore in the same quarter of the previous financial year.

EBITDA margins increased 886 basis points to 18.5% in the second…

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