Shares of Mazagon Dock Shipbuilders were under pressure on Wednesday morning along with several other multibagger public sector stocks such as RVNL, HAL and Cochin Shipyard.

What To Expect: The defence major is anticipated to demonstrate strong growth in both revenue and profit. Analysts at Antique Broking project a 56% year-on-year increase in revenue, reaching ₹3,407 crore, with net profit expected to more than double to ₹579 crore in the April-June quarter.

See Also: HAL Q1 Results Preview: Revenue Expected To Go Up 17% To ₹4,593 Cr

On the other hand, analysts at Nirmal Bang have a more conservative outlook. They estimate the company's revenue to rise by 35% year-on-year to ₹2,933 crore, with profit increasing by nearly 60% to ₹491.1 crore.

The company’s peer in the sector Garden Reach Shipbuilders, reported its earnings for the quarter last week. The company’s net profit for the year came in at ´₹87 crore, up around 14% year-on-year. Revenue for the quarter went up around 33% YoY to ₹1,009 crore.

Analysts at ICICI Securities maintained their “sell” rating on GRSE after the results.

Price Action: Mazdock’s share price was down 1.86% to trade at ₹4,743.55 in the early hours of trading on Wednesday.

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