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Mazagon Dock Shipbuilders Quarterly Results: 450% YoY growth! Profit jumps to Rs 230.54 cr in Q4FY21 - HIGHLIGHTS

Zee Business logo Zee Business 1 day ago zeebizindia@gmail.com (Zee Business)
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Mazagon Dock Shipbuilders Q4FY21: State-run Mazagon Dock Shipbuilders on Thursday reported a consolidated net profit of Rs 230 cr for the quarter ended 31 March 2021. This was higher from Q4FY20 profits reported by the company at Rs 41.55 cr. This was almost a 450 per cent year-on-year growth.  

The total revenues for the reporting quarter stood at Rs 1378.54 cr as against Rs 1176.24 reported during the corresponding period in FY20. The results were announced by the company in its filing to stock exchanges.  

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While the revenues from operations were slightly up from Rs 1043.25 cr in Q4FY20 to Rs 1105.11 cr, the other income was three times during Q4FY21 at Rs 273.43 cr as against Rs 95.98 cr in Q4FY20.      

The company is engaged in the construction and repair of warships and submarines for use by the Indian Navy and other vessels for commercial clients.

 

Key highlights:

Total expenses were down marginally in the reporting quarter at Rs 1081.48 cr as against Rs 1092.95 cr during the corresponding quarter in FY20. A lion share of its total expenses were accounted towards cost incurred for the material.  

- Operating profit before working capital changes was at Rs 303.17 cr for Q4FY21 versus Rs 270.14 in the March quarter of the previous financial year.

- Earnings Per Share (EPS) stood at Rs 12.85 for the quarter ended 31 March 2021 as against Rs 3.70 for Q4FY20.

- EPS for the year ended 31 March 2021 stood at Rs 25.48 versus 21.09 in quarter in Q4 of FY20.

- Board of Directors of Mazagon Dock Shipbuilders Ltd recommended final dividend of Rs 1.83 per equity share in addition to the interim dividend of Rs 5.41 paid earlier for FY 2020-21.

The stocks of Mazagon Dock ended Rs 273.20 on the NSE, gaining by almost 2.2 per cent from the previous closing price on Wednesday. The results were announced in the market hours. 

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