Mazagon Dock Shipbuilders said that its order book at the end of June 30, 2024, stood at ₹36,839 crore.
What Happened: The defence major said that its order book remains strong. However, this is a slight decline from the ₹38,561 crore order book reported at the end of March 2024.
| Particulars | Project Value (₹ Cr) | Nos. (Contracted) | Balance (₹ Cr) | Nos. (Pending to be delivered) |
|---|---|---|---|---|
| P15B Destroyers | 32,087 | 04 | 9,847 | 01 |
| P17A Stealth Frigates | 26,898 | 04 | 16,634 | 04 |
| ICGS (CTS, NGOPV, FPV) | 2,874 | 21 | 2,870 | 21 |
| Multipurpose Hybrid Powered Vessel | 715 | 06 | 707 | 06 |
| P75 Kalvari Submarines | 29,155 | 06 | 3,590 | 01 |
| Medium Refit and Life Certification (MRLC) of Submarines | 3,656 | 02 | 2,186 | 01 |
| Part Replacement of Pipeline Project (PRPP) | 1,022 | 01 | 928 | 01 |
| Others | 120 | NA | 77 | NA |
| Total | 96,427 | 44 | 36,839 | 35 |
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Earlier in the day, the company posted its earnings for the quarter ended June. Mazdock reported a net profit of ₹665.94 crore for the April to June period, marking a 132% increase from ₹286.62 crore in the same quarter last year.
Revenue from operations reached ₹2,357.02 crore, an 8.5% rise from ₹2,172.26 crore in the corresponding quarter of 2023. The total income for the company was ₹2,628.02 crore.
The result announcement helped the stock jump back into the green even as several of its PSU peers including HAL, BEL, IRCON and RVNL ended the day in the red.
Price Action: Mazdock’s share price was up 3.41% to close at ₹4,998.50 on Wednesday.
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