Mazagon Dock Shipbuilders Ltd (MDL) shares witnessed a 3% surge following the announcement of its strong Q3 results. The company’s net profit soared by 29%, while revenue saw an impressive 33% jump compared to the same period last year.
Mazagon Dock Shares Surge 3% as Net Profit Soars 29%, Revenue Jumps 33%
Key Financial Highlights:
- Revenue: ₹3,103.65 crore, up 33% YoY.
- Net Profit: ₹654.33 crore, up 29% YoY.
- EPS (Earnings Per Share): ₹74.82.
- Market Capitalization: ₹66,398.36 crore.
- P/E Ratio: 44, P/B Ratio: 13.90.
The stock traded at ₹2,195.25 on the BSE, reflecting strong investor confidence in the shipbuilding giant. MDL continues to benefit from its strategic government contracts and defense sector growth, making it a key player in India’s maritime industry.
