Mazagon Dock Q3 Results: Revenue from operations surged 33% YoY to Rs 3,144 crore in the reviewed quarter, up from Rs 2,362 crore a year ago. EBITDA rose 51% YoY to Rs 817 crore from Rs 539 crore, with margins improving to 26%. Net profit after tax climbed 38% sequentially from Rs 585 crore in Q2, while revenues grew 14% quarter-on-quarter, reflecting strong performance.
Axis Securities turns bullish on SAIL, upgrades to ‘buy’ with Rs 130 target
SAIL shares: The brokerage firm believes that SAIL is more sensitive to steel and coking coal prices. A Rs 1,000/t rise in Hot Rolled Coils