मझगांव डॉक के पहली तिमाही के नतीजे आज: रिजल्ट से पहले शेयर में 2% की गिरावट, एक साल में 150% से ज्यादा का रिटर्न दिया

Shares of Mazagon Dock Shipbuilders Limited are trading lower by nearly 2% on Wednesday ahead of its June quarter results. This is the second consecutive day when the stock has declined. Earlier, it had seen a rise for four consecutive days.

Mazgaon Dock’s stock is trading at Rs 4,750 today with a decline of about 2%. The stock has fallen by about 12% in the last one month. However, it has gained about 120% in 6 months. At the same time, the stock has gained more than 150% in one year.

Cochin Shipyard’s profit rises 76% to Rs 174 crore
Earlier, another ship building company Cochin Shipyard released its quarterly results. Cochin Shipyard’s profit in the first quarter has increased by 76% to Rs 174 crore. In the same quarter a year ago, the company had a profit of Rs 99 crore.

The consolidated revenue from the company’s operations stood at Rs 771 crore. It has increased by 62% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 476 crore. The amount received from selling goods and services is called revenue.

Mazagon Dock had a profit of 326 crores in the fourth quarter
Mazagon Dock Shipbuilders Limited’s profit doubled year-on-year (YoY) to Rs 663 crore in the fourth quarter (January-March) of FY 2024. Net profit was Rs 326 crore in the same quarter a year ago.

The company had announced a final dividend of ₹ 12.11 per share for the financial year 2024. When companies give a part of the profits to their shareholders, it is called dividend. Mazagon Dock released its fourth quarter and annual results on 27 May.

The company was started in 1774 by building a dry dock
Mazagon Dock Shipbuilders Limited is a leading government shipbuilding company. Its history dates back to 1774, when a small dry dock was built at Mazagon. It gradually grew and was incorporated as a private limited company in 1934.

After the government took it over in 1960, Mazagon Dock grew rapidly and became India’s premier war-shipbuilding yard. Since 1960, Mazagon Dock has built a total of 801 ships. This includes 27 warships and 7 submarines.

The company has also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers for various customers in India as well as abroad. The government remains the largest shareholder in Mazagon Dock with an 84.8% stake as of the March quarter.