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Mazagon Dock Shipbuilders Shares Rise After Strong June Earnings

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At 09:21 a.m. on July 31, Mazagon Dock Shipbuilders opened at ₹2,347.00, up ₹27.35 or 1.18 percent, on the BSE. The defence PSU’s shares edged higher after it released its June‑quarter results.

The company posted a 21.5 percent year‑on‑year increase in net profit, rising to ₹549.4 crore from ₹452.2 crore. Revenue also grew by 12.1 percent, reaching ₹2,943 crore from ₹2,626 crore.

Operating performance improved sharply. EBITDA jumped 48 percent to ₹446.6 crore from ₹301.7 crore, lifting the EBITDA margin to 15.2 percent from 11.5 percent in the same quarter last year.

In the previous session, the stock closed at ₹2,319.65, up ₹11.65 or 0.50 percent. It has reached a 52‑week high of ₹3,061 and a low of ₹2,057.40, trading 24.22 percent below the high and 12.75 percent above the low.

The company’s market capitalisation stands at ₹93,570.04 crore.