Revenue from operations for the period rose to Rs 2,756.8 crore, up from Rs 1,827.7 crore in the same quarter of the previous financial year, marking a 50.8% year-on-year (YoY) increase.
The company’s EBITDA surged 189.1% YoY to Rs 511 crore for the September quarter, compared to Rs 177 crore in the same quarter of the previous financial year.
EBITDA margins increased by 886 basis points to 18.5% in the second quarter, up from 9.7% in the corresponding quarter of the previous financial year.
The company’s total income increased 44.8% YoY to Rs 3,011.1 crore in Q2 of FY25, up from Rs 2,079.2 crore in the same period last year.
On the other hand, the total expenses surged 37.76% YoY to Rs 2,270.6 crore, compared to Rs 1,672.5 crore in the second quarter of FY24, and increased nearly 30.5% from Rs 1,739.2 crore in the previous quarter.Mazagon Dock shares were trading nearly 5% higher at Rs 4,238.5 on the BSE around 1:50 pm following the announcement of its second-quarter results.The stock has delivered an 85% return year-to-date. Over the past 12 months and two years, shares of Mazagon Dock Shipbuilders have surged by 119% and 440%, respectively. However, in the last three months, the stock has declined by 12%.