Explained: Why Mazagon Dock Share Price Tumbled 5% After Q1 Results
3 Articles
3 Articles
Mazagon Dock Q1 Results: Net profit drops 35% YoY to ₹452 crore but improves sequentially; revenue soars 11.4%
Source: Live Mint Mazagon Dock Shipbuilders, a leading defence public-sector shipyard under the Ministry of Defence (MoD), announced its financial performance for the June-ended quarter (Q1FY26) today, July 28, post market hours. The defence major reported a consolidated net profit of ₹452 crore in Q1FY26, down 35% from ₹696 crore in the same period last year but higher than the preceding March quarter’s net profit of ₹325 crore. The net prof…
Mazagon Dock Q1 Results: Profit Plummets 35%, Misses Estimates
Mazagon Dock Shipbuilders Ltd. reported a 35% decrease in net profit in the quarter ended June.The company reported a consolidated bottom line of Rs 452 crore compared to Rs 696 crore in the year-ago period, according to an exchange filing on Monday. Analysts tracking on Bloomberg had estimated Rs 695 crore.Mazagon Dock Q1 Highlights (Consolidated, YoY)Revenue up 11.4% to Rs 2,625.59 crore versus Rs 2,357 crore.Ebitda down 53% to Rs 302 crore ve…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium