The shares of Mazagon Dock Shipbuilders plunged more than 5 percent on July 29 after the company's Q1 results dampened investor sentiment. Paradeep Phosphates and Waaree Energies shares meanwhile recorded strong gains.
Mazagon Dock Shipbuilders dropped over 5 percent to hit an intraday low of Rs 2,646 apiece in the morning. Waaree Energies shares meanwhile gained over 5 percent to trade at Rs 3,274 apiece. Paradeep Phosphates shares rallied 14 percent to hit a fresh 52-week high of Rs 227 apiece.
Mazagon Dock Shipbuilders Q1 Results:
Mazagon Dock Shipbuilders on July 28 reported a net profit of Rs 452 crore for the first quarter of the financial year 2026. This marks a decline of around 35 percent on-year from the Rs 696 crore net profit reported in the corresponding quarter of the previous financial year.
Sequentially, the firm's net profit rose nearly 39 percent quarter-on-quarter from the Rs 325 crore reported in Q4 FY25.
While net profit declined annually, the firm’s revenue from operations rose over than 11 percent on-year to Rs 2,626 crore in Q1 FY26. Revenue from operations however fell more than 17 percent sequentially.
Mazagon Dock Shipbuilders shares have dropped nearly 8 percent in the past five days, and over 17 percent in the past one month. The stock has however gained more than 14 percent in the past six months, and nearly 20 percent in 2025 so far.
Waaree Energies Q1 Results:
Waaree Energies on July 28 reported a consolidated net profit of Rs 745 crore for the quarter ended June 30, 2025. This marks a 89 percent on-year jump from the Rs 394 crore consolidated net profit reported in the year-ago period.
The firm's revenue from operations rose 30 percent on-year to Rs 4,426 crore in Q1FY26 as against Rs 3,409 crore in Q1FY25. Further, the company's board approved capex of Rs 2,754 crore to set up two plants.
Waaree Energies shares have gained nearly 3 percent in the past one month, and over 46 percent in the past six months. The stock has gained around 13 percent in 2025 so far.
Paradeep Phosphates Q1 Results:
Paradeep Phosphates on July 28 reported a net profit of Rs 256 crore for Q1 FY26. This marks a whopping 4,656 percent on-year rise from the Rs 5.38 crore net profit reported in the corresponding quarter of the previous financial year.
Its revenue from operations meanwhile rose around 58 percent on-year to Rs 3,754 crore in the April June quarter of financial year 2026. The company had earlier reported revenue from operations at Rs 2,377 crore in the year-ago period.
Paradeep Phosphates shares have rallied nearly 19 percent in the past five days, and over 42 percent in the past one month. The stock has more than doubled in share value in 2025 so far, after a 170 percent rally in the past one year.
Also read: Our LIVE blog on stock market updates
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!