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Mazagon Dock Shipbuilders reports a significant 51% drop in Q4 net profit, despite a revenue rise.
Mazagon Dock Shipbuilders saw its shares drop after reporting a 51% fall in Q4 net profit to ₹325.3 crore, despite a 2.3% rise in revenue to ₹3,174 crore.
EBITDA fell 83% to ₹90 crore.
The company's expenses increased by 20%, mainly due to higher sub-contracting costs.
For the full year, net profit rose 25% to ₹2,414 crore.
Mazagon Dock recommended a dividend of ₹2.71 per share, reflecting a commitment to shareholder value despite the quarterly decline.
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Mazagon Dock Shipbuilders informa una caída significativa del 51% en las ganancias netas del cuarto trimestre, a pesar de un aumento en los ingresos.