Mazagon Dock Shipbuilders share price in focus today: Shares of Mazagon Dock Shipbuilders, a leading defence public-sector shipyard under the Ministry of Defense (MoD) in India, cracked 8% in early trade deals on Friday, May 30, ending their 6-day winning run to hit the day’s low of ₹3,450 as investors appeared disappointed with the company’s performance in the March quarter.
The defence major, post-market hours on Thursday, reported a 51% drop in its consolidated net profit at ₹325 crore. In the same period last fiscal year, the company had posted a net profit of ₹663 crore. Its consolidated revenue from operations in the fourth quarter of FY25 rose 2.3% to ₹3,174 crore, compared to ₹3,103.7 crore in the year-ago period.
On the operational front, the defence PSU’s earnings before interest, taxes, depreciation and amortization (EBITDA) during the March quarter of FY25 tanked 83 per cent to ₹90 crore, compared to ₹524 crore in the year-ago period.
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