State-Owned Mazagon Dock Shipbuilders Declares Second Interim Dividend for 2025
In a significant announcement, Mazagon Dock Shipbuilders, a prominent state-owned enterprise, has declared its second interim dividend of ₹3 for the fiscal year 2025. This decision comes alongside the release of provisional financial figures for the March quarter. Following the announcement, the company’s share price saw a rise of 2.24%, trading at ₹2,425.65 early Tuesday morning, compared to the previous day’s close of ₹2,319.
Key Dividend Details
- Record Date: The company has set April 16, 2025, as the record date to determine eligible shareholders.
- Payment Timeline: Shareholders can expect the dividend payments to be processed by May 7, 2025.
In an exchange filing on April 8, Mazagon Dock reaffirmed, “We are pleased to declare the second interim dividend of ₹3 per equity share of ₹5 each, fully paid-up for the financial year 2024-25. The record date for this dividend is set for April 16, 2025, with payments expected by May 7, 2025.”
Impressive Revenue Growth
Mazagon Dock has reported a remarkable 12% increase in provisional revenue, reaching ₹10,776 crore for the fiscal year, compared to ₹9,466 crore the previous year. The company detailed, “For the financial year ending March 31, 2025, we recorded a turnover of approximately ₹10,775.34 crore, an increase from ₹9,466.58 crore for the same period last year.”
Additionally, the board has approved the appointment of Ruchir Agrawal as the new Chief Financial Officer, signaling a strategic move for future growth.
Highlights of Q3 Performance
Mazagon Dock’s performance in the third quarter of the fiscal year has been equally impressive, showcasing a 29% year-on-year increase in consolidated net profit, which reached ₹807 crore for the quarter ending December 31, 2024, up from ₹627 crore in the same quarter last year.
- Revenue from Operations: Increased by 33% YoY, reaching ₹3,144 crore, compared to ₹2,362 crore in the prior year.
- EBITDA Growth: Surged by 51% YoY, amounting to ₹817 crore, up from ₹539 crore in the previous year’s third quarter.
- Operating Margins: Improved to 26%, reflecting efficient management and operational excellence.
Conclusion
With a strong performance and a commitment to rewarding shareholders, Mazagon Dock Shipbuilders is poised for continued success in the upcoming fiscal years. Investors will be keenly watching the company’s trajectory as it navigates the maritime industry with strategic initiatives and robust financial growth.
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