Below are the financial statements of Mazagon Dock Shipbuilders, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of INR | 2024 | 2023 |
|---|---|---|
| Income | — | — |
| Revenue from operations | 94,665.8a | 78,271.8a |
| Other income | 11,014.7a | 6,868.3a |
| Total income | 105,680.5a | 85,140.1a |
| Expenses | — | — |
| Cost of materials consumed | -50,816.4a | -44,458.5a |
| Procurement of base and depot spares | -11,458.3a | -6,932.2a |
| Employee benefit expenses | -8,965.5a | -7,927.1a |
| Finance costs | -51.2a | -63.7a |
| Depreciation and amortization expenses | -831.3a | -755.8a |
| Sub-contract | -3,824.4a | -4,550.8a |
| Power and fuel | -176.9a | -164.6a |
| Other expenses - project related | -1,576.1a | -2,887.5a |
| Other expenses | -2,047.1a | -2,199.2a |
| Provisions | -1,685a | -1,173.9a |
| Total expenses | -81,432.2a | -71,113.3a |
| Profit before tax and exceptional items | 24,248.3a | 14,026.8a |
| Exceptional items | 0a | 0a |
| Profit before tax and after exceptional items | 24,248.3a | 14,026.8a |
| Tax expense | — | — |
| Current tax | -7,638.8a | -3,588.7a |
| Deferred tax (credit)/charge | -1,496.9a | -32.7a |
| Adjustment of tax relating to earlier years | -17.6a | -10.1a |
| Profit for the year/period (excluding associate) | 18,088.8a | 10,460.7a |
| Share of net profit/(loss) of associate | 1,280.9a | 729.6a |
| Profit for the year | 19,369.7a | 11,190.3a |
| Items that will not be reclassified subsequently to profit or loss | — | — |
| Remeasurement of defined employee benefit plan | -61a | -1.1a |
| Income tax effect | 15.4a | 0.3a |
| Remeasurement of post employment benefit obligation of associate | -13.6a | -0.3a |
| Total comprehensive income for the year/period | 19,310.5a | 11,189.2a |
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