State-R Defense Psu Mazagon Dock Shipbuilders Reported Results for the March Quarter after Market Hours on Chiursday, May 29. However, the company has surpassed its full-year guidance on the revelation and margins front.
For the Fourth Quarter, Mazagon Dock’s Revenue Went Up by 2.3% to 3,174 Crore from the 3,103 Crore it had reported during the same Quarter Last Year.
Its earnings before interest, tax, deprecation and amortization (ebitda) declined by 83% on a year-on-yar basis to 89 Crore, while Margins Narrowed to 2.82% from 16.9% Last Year.
The company’s net profit also halved from the year -go period to 325 Crore from 662 Crore.
Mazagon Dock’s Operational Performance during the March Quarter was dent by higher experiences, with sub-contraction expenses see a Near 10-Fold Jump from the Samtar Last Year. Sub-contract expenses during the Quarter Stood at 590 Crore Compared to 63.5 Crore in the Base Quarter.