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.
Mazagon Dock Shipbuilders Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2756.83 | 2357.02 | +16.96% | 1827.7 | +50.84% |
| Selling/ General/ Admin Expenses Total | 231.34 | 227.24 | +1.8% | 230.59 | +0.33% |
| Depreciation/ Amortization | 23.35 | 23.38 | -0.13% | 20.19 | +15.65% |
| Total Operating Expense | 2269.53 | 1738.14 | +30.57% | 1671.27 | +35.8% |
| Operating Income | 487.3 | 618.88 | -21.26% | 156.43 | +211.51% |
| Net Income Before Taxes | 740.49 | 888.79 | -16.69% | 406.64 | +82.1% |
| Net Income | 585.08 | 696.1 | -15.95% | 332.88 | +75.76% |
| Diluted Normalized EPS | 29.01 | 34.51 | -15.94% | 16.5 | +75.82% |
