Mazagon Dock Faces Profit Challenges in Q1

MUMBAI: Mazagon Dock Shipbuilders, India's premier warship builder, announced a significant 35% decline in its consolidated net profit for the June quarter, totaling Rs 452 crore. This marks a stark contrast to the Rs 696 crore net profit recorded in the same quarter of the previous fiscal year.

Revenue Shows Positive Growth Despite Profit Dip

Despite the downturn in profits, the company witnessed an 11.4% increase in revenue from operations, indicating a complex financial landscape with both challenges and opportunities ahead.