BSE Industrials: This ship-building company is skyrocketing on Friday afternoon

The company stock is up by 12.42 per cent and has touched a fresh 52-week high.

Mazagon Dock Shipbuilders Ltd is primarily engaged in building and repairing ships, submarines and various types of vessels and related engineering products for various domestic and international clients. 

The company posted robust Q1FY23 results: 

In Q1FY23, the revenue jumped 83.68 per cent YoY to Rs 2230.32 crore from Rs 1214.24 crore in Q1FY22. On a sequential basis, the top line was up by 59.72 per cent. PBIDT (Ex OI) was reported at Rs 173.68 crore, up by 147.23 per cent and the corresponding margin was reported at 7.79 per cent, increasing by 200 basis points YoY. The company reported its PAT at Rs 217.02 crore, a growth of 133.98 per cent from Rs 92.75 crore reported in the same quarter the previous year. 

On Friday, the company share price skyrocketed and the stock registered a fresh 52-week high of Rs 357.70 and it has a 52-week low of Rs 224. At 12:35 pm, the shares have rallied by 12.34 per cent and the scrip is trading at Rs 352.30.