Mazagon Dock Q1 Results: Profit Plummets 35%, Misses Estimates

Mazagon Dock Shipbuilders Ltd. reported a 35% decrease in net profit in the quarter ended June. The company reported a consolidated bottom line of Rs 452 crore compared to Rs 696 crore in the year-ago period, according to an exchange filing on Monday. Analysts tracking on Bloomberg had estimated Rs 695 crore.