Mazagon Dock Shipbuilders Ltd Share Price – NSE  /  BSE

Ship Building, Small Cap

Capri Global Capital Ltd, Venus Pipes & Tubes Ltd, Jindal Worldwide Ltd and Garden Reach Shipbuilders & Engineers Ltd are among the other gainers in the BSE's 'A' group today, 03 April 2024.

Mazagon Dock Shipbuilders Ltd surged 10.75% to Rs 2209.15 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.8 lakh shares were traded on the counter so far as against the average daily volumes of 71355 shares in the past one month.

Capri Global Capital Ltd soared 8.95% to Rs 222.7. The stock was the second biggest gainer in 'A' group. On the BSE, 73277 shares were traded on the counter so far as against the average daily volumes of 62599 shares in the past one month.

Venus Pipes & Tubes Ltd spiked 8.81% to Rs 1990. The stock was the third biggest gainer in 'A' group. On the BSE, 8232 shares were traded on the counter so far as against the average daily volumes of 8641 shares in the past one month.

Jindal Worldwide Ltd spurt 8.79% to Rs 360.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 15883 shares were traded on the counter so far as against the average daily volumes of 30550 shares in the past one month.

Garden Reach Shipbuilders & Engineers Ltd added 7.70% to Rs 888. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 40401 shares in the past one month.

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In an exchange filing, the shipbuilding company said, “The board has accepted the offer of Mumbai Port Authority (MbPA) for the allotment of land and building (Workshop land and Clark Basin), measuring 14.55 acres, adjacent to MDL Mumbai Yard on long term lease basis to MDL for 29 years with effect from 1 April 2024 to 31 March 2053.”

The total allotment cost is approximately Rs 354 crore which include upfront lease premium, cost of buildings and structures, GST, stamp duty and registration charges.

The payment of the allotment cost will be paid to MbPA in due course, the firm stated.

Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers.

The company’ consolidated net profit jumped 76.97% to Rs 626.78 crore in Q3 FY24 as compared with Rs 354.16 crore posted in Q3 FY23. Revenue from operations climbed 30.10% YoY to Rs 2,362.47 crore in Q3 FY24.

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Net profit of Mazagon Dock Shipbuilders rose 76.98% to Rs 626.78 crore in the quarter ended December 2023 as against Rs 354.16 crore during the previous quarter ended December 2022. Sales rose 30.10% to Rs 2362.47 crore in the quarter ended December 2023 as against Rs 1815.91 crore during the previous quarter ended December 2022.

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Revenue from operations climbed 30.10% YoY to Rs 2,362.47 crore in Q3 FY24.

The firm reported profit before tax of Rs 786.23 crore in Q3 FY24, registering a growth of 74.04% as compared Rs 451.73 crore posted in same period a year ago.

Total expenses increased 19.79% to Rs 1,844.8 crore in Q3 FY24 as compared with Rs 1,540 crore in Q3 FY23. Cost of materials consumed was at Rs 987.24 crore (up 30.97% YoY), Employees benefit expenses stood at Rs 222.34 crore (up 12.37% YoY), while finance Cost was at Rs 1.29 crore (down 12.83% YoY) during the period under review.

On nine months basis, the company's consolidated net profit jumped 60.68% to Rs 1,274 crore on 10.68% increase in revenue from to Rs 6,362.9 crore in 9M FY24 over 9M FY23.

Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers.

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