India's Mazagon Dock Shipbuilders drops on quarterly profit slump

Mazagon Dock Shipbuilders

30/05/2025 05:28

** Shares of Mazagon Dock Shipbuilders MAZG.NS fall 5.4% to 3,547.30 rupees

** The warships and submarines maker's fourth-quarter consol profit falls 50.9% Y/Y to 3.25 billion rupees ($38.1 million)

** Quarterly revenue rises 2.3% Y/Y, while expenses jump 19.6% Y/Y

** Stock set to snap a seven-session gaining streak

** MAZG stock up ~59%, YTD

   ($1 = 85.2920 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))