Mazagon Dock Shipbuilders Ltd's Q4FY25 Quarterly Results

Result Summary

• Mazagon Dock Shipbuilders Ltd reported a 0.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 50.8%.
• Its expenses for the quarter were up by 10.0% QoQ and 37.7% YoY.
• The net profit decreased 17.9% QoQ and increased 103.2% YoY.
• The earnings per share (EPS) of Mazagon Dock Shipbuilders Ltd stood at 32.9 during Q4FY25.

Financial Statments for Q4FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mazagon Dock Shipbuilders Ltd is a premier shipyard under the Ministry of Defence in India, primarily involved in the construction and repair of warships and submarines for the Indian Navy and other clients. As one of the leading public sector shipyards in the country, Mazagon Dock plays a critical role in supporting India's defense capabilities. The company's operations are divided into two main segments: shipbuilding and submarine construction. With a legacy of over 200 years, Mazagon Dock has built a reputation for producing high-quality naval vessels and has a strong order book from the Indian government. The company has been expanding its capabilities and enhancing its infrastructure to meet future demands and maintain its competitive edge in the defense sector.

Revenue

In Q4FY25, Mazagon Dock Shipbuilders Ltd reported a total income of ₹3452.37 crores, reflecting a 0.7% increase from the previous quarter (Q3FY25) where the total income was ₹3430.06 crores. Comparing this to the same quarter in the previous fiscal year (Q4FY24), where total income was ₹2289.83 crores, there is a significant year-over-year increase of 50.8%. This substantial increase in revenue over the year highlights the company's growth trajectory and increased operational scale. The figures indicate a stable revenue growth quarter-over-quarter, despite a more significant year-over-year enhancement.

Profitability

Mazagon Dock Shipbuilders Ltd saw a profit before tax of ₹848.64 crores in Q4FY25, which represents a 20.1% decline from the prior quarter's profit before tax of ₹1062.57 crores. However, when compared to Q4FY24, where the profit before tax was ₹399.53 crores, there is a remarkable year-over-year increase of 112.4%. Additionally, the profit after tax for Q4FY25 was ₹662.97 crores, down by 17.9% from the previous quarter's ₹807.04 crores but up by 103.2% compared to Q4FY24's ₹326.19 crores. The earnings per share (EPS) followed a similar pattern, with an increase to ₹32.90 in Q4FY25 from ₹16.20 in Q4FY24, marking a 103.1% rise year-over-year, and a 64.5% increase quarter-over-quarter from Q3FY25's ₹20.00. The fluctuations in profitability metrics between the quarters and years reflect the company's fluctuating operational expenses and tax obligations.

Operating Metrics

The total expenses for Mazagon Dock Shipbuilders Ltd in Q4FY25 were ₹2603.73 crores, which increased by 10.0% from Q3FY25's total expenses of ₹2367.49 crores. When compared to the same period in the previous year (Q4FY24), total expenses have increased by 37.7% from ₹1890.30 crores. The tax expense for Q4FY25 was ₹221.79 crores, showing a decrease of 24.7% from Q3FY25, where it was ₹294.35 crores, but a 115.9% increase from Q4FY24's tax expense of ₹102.74 crores. These metrics suggest significant operational scaling and associated costs, alongside strategic financial management in tax planning across quarters.