Mazagon Dock Shipbuilders said that its order book at the end of September 30, 2024, stood at ₹39,872 crore.
What Happened: This is an 8.2% increase from the ₹36,839 crore order book reported at the end of June. This is also an improvement from the ₹38,561 crore order book reported at the end of March 2024.
| Particulars | Project Value | No.(Contracted) | Balance | Pending Delivery |
|---|---|---|---|---|
| P15B Destroyers | 32,059 | 4 | 8,841 | 1 |
| P17A Stealth Frigates | 26,898 | 4 | 15,569 | 4 |
| ICGS (CTS, NGOPV, FPV) | 2,874 | 21 | 2,867 | 21 |
| Multipurpose Hybrid Powered Vessel | 715 | 6 | 705 | 6 |
| P75 Kalvari Submarines | 29,415 | 6 | 3,531 | 1 |
| Medium Refit and Life Certification (MRLC) of Submarines | 2,347 | 1 | 2,004 | 1 |
| ONGC (PRPP, DSF II & PRP 8 Grade A) | 6,524 | 3 | 6,255 | 3 |
| Others | 160 | – | 100 | – |
| Total | 100,992 | 45 | 39,872 | 37 |
See Also: Tata Motors’ JLR Sees U.K. Sales Slump 13% To 5,257 Units
Earlier in the day, the company posted its earnings for the quarter ended September. Mazagon Dock Shipbuilders reported a strong quarterly performance, with net profit surging 75% year-on-year to ₹585 crore, compared to ₹332.80 crore in the same quarter last year.
Revenue from operations increased by 50% to ₹2,756.83 crore, surpassing analyst expectations of ₹2,398 crore in revenue and ₹571 crore in profit. Shares of the defence shipbuilder rose as the results exceeded estimates.
Price Action: Mazagon Dock's share price was up 4.24% to close at ₹4,197.80 on Tuesday.
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