Mazagon Dock spurts after Q1 PAT soars 121% YoY to Rs 225 cr

11 Aug 2022 , 09:48 AM

The companys PAT rose 41.36% and net sales increased 59.72% in Q1 June 2022 over Q4 March 2022. Profit before exceptional items and tax (PBT) stood at Rs 289.97 crore in Q1 June 2022, up 59.32% quarter-on-quarter and up 108% year-on-year. EBITDA stood at Rs 310 crore grew by 96% over the same quarter last year. Total expense climbed 77.6% YoY to Rs 2056.64 crore in Q1 FY23. Cost of raw material consumed stood at Rs 1334.97 crore (up 122.3% YoY) and employee expenses stood at Rs 181.75 crore (up 1.9% YoY). Mazagon Dock Shipbuilders is one of Indias leading defence public sector undertaking shipyard under the Ministry of Defence. Its main activities are construction of warships and submarines. Powered by Capital Market – Live News