The company bagged a contract for pipeline replacement project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of Rs 1486,40,32,996. The project is to be executed within 28 February 2026. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of June 2024. Shares of Mazagon Dock Shipbuilders shed 0.73% to Rs 4,368.05 while those of Oil and Natural Gas Corporation slipped 3.92% to Rs 296.80 on the BSE. Powered by Capital Market - Live

Mazagon Dock Shipbuilders (MDL) has received a Notification of Award of Contract on 05 September 2024 from Oil and Natural Gas Corporation (ONGC) for Pipeline Replacement Project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of Rs 1486.40 crore including all taxes and duties (GST@12%). Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that the 91th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

Mazagon Dock Shipbuilders Ltd gained 4.43% today to trade at Rs 4386.4. The BSE Capital Goods index is up 0.6% to quote at 73010.95. The index is down 0.64 % over last one month. Among the other constituents of the index, Kaynes Technology India Ltd increased 4.41% and Hindustan Aeronautics Ltd added 3.18% on the day. The BSE Capital Goods index went up 60.05 % over last one year compared to the 25.94% surge in benchmark SENSEX. Mazagon Dock Shipbuilders Ltd has lost 13.91% over last one month compared to 0.64% fall in BSE Capital Goods index and 2.06% rise in the SENSEX. On the BSE, 26714 shares were traded in the counter so far compared with average daily volumes of 1.68 lakh shares in the past one month. The stock hit a record high of Rs 5859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1742 on 26 Oct 2023.Powered by Capital Market - Live

The stock dropped 13.95% in the past three trading sessions to end at Rs 4,300.10 on yesterday, from its recent closing high of Rs 4,997.10 recorded on 14 August 2024. On the BSE, 6.40 lakh shares were traded in the counter so far compared with average daily volumes of 1.68 lakh shares in the past two weeks. The stock hit a high of Rs 4631.5 and a low of Rs 4107.25 so far during the day. The stock hit a 52-week high of Rs 5,859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1,742 on 26 October 2023. The stock had underperformed the market over the past one month, down 19.27% compared with 0.37% fall in the Sensex. The scrip had outperformed the market in past three months, advancing 47.74% as against Sensex's 9.26% jump. The counter had outperformed the market in past one year, soaring 130.09% as against Sensex's 23.90% rise in Sensex. On the technical front, the stock's daily RSI (relative strength index) stood at 49.641. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading below its 50-day simple moving average (SMA) placed at 4,751.87, respectively. Such level will act as resistance in the near term. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. The company's consolidated net profit zoomed 121.45% to Rs 696.10 crore in Q1 FY25 from Rs 314.34 crore reported in Q1 FY24. Revenue from operations grew by 8.48% to Rs 2,357.02 crore in Q1 FY25 as compared with Rs 2,172.76 crore recorded in the corresponding quarter previous year. Powered by Capital Market - Live

Net profit of Mazagon Dock Shipbuilders rose 121.45% to Rs 696.10 crore in the quarter ended June 2024 as against Rs 314.34 crore during the previous quarter ended June 2023. Sales rose 8.48% to Rs 2357.02 crore in the quarter ended June 2024 as against Rs 2172.76 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2357.022172.76 8 OPM %27.257.90 - PBDT912.17403.06 126 PBT888.79383.32 132 NP696.10314.34 121 Powered by Capital Market - Live

Revenue from operations grew by 8.48% to Rs 2,357.02 crore in Q1 FY25 as compared with Rs 2,172.76 crore recorded in the corresponding quarter previous year. Profit before tax stood at Rs 888.79 crore in Q1 FY25, registering a growth of 131.87% from Rs 383.32 crore posted in Q1 FY24. EBITDA soared 126% year on year to Rs 913 crore in the quarter ended 30 June 2024. Operating margin jumped to 26% in Q1 FY25 as compared with 7% registered in Q1 FY24. Total expenses were at Rs 1739.23 crore in Q1 FY25, down 14% YoY. Cost of materials consumed was at Rs 1106.19 crore (down 22.85% YoY) while power and fuel stood at Rs 4.74 crore (up 10.75% YoY) during the period under review. The shipbuilding company's total order book stood at Rs 36,839 crore as on 30 June 2024. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. Powered by Capital Market - Live

Mazagon Dock Shipbuilders (MDL) has received a Notification of Award of Contract on 08 August 2024 from Oil & Natural Gas Corpn(ONGC) for Wellhead Platforms and Associated Pipeline Project (DSF-II) on EPC reimbursable basis (OBE) at the ceiling price of Rs 4676.32 crore. Powered by Capital Market - Live

Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live