Mazagon Dock Shipbuilders Ltd. has seen a significant surge in its stock price, climbing 11% to reach an intra-day peak of Rs 2,697.70. This impressive uptick comes just ahead of the company’s second interim dividend record date for the fiscal year 2024-25. As of 3:20 PM, the shares were trading 9.88% higher at Rs 2,673, reflecting strong investor interest.
Upcoming Dividend Announcement
The state-owned defense shipbuilder has declared a second interim dividend of Rs 3 per equity share for the financial year 2024-25. The critical date for shareholders to be eligible for this dividend is set for Wednesday, April 16, 2025. The company announced this via an exchange filing, further stating that the dividend is expected to be disbursed on or before May 7, 2025.
- Dividend amount: Rs 3 per equity share
- Record date: April 16, 2025
- Expected payment date: On or before May 7, 2025
Strong Financial Performance
In conjunction with the dividend announcement on April 8, Mazagon Dock reported a robust 13.8% increase in turnover year-on-year, achieving Rs 10,775.34 crore in the fourth quarter of FY25. This marked an increase from Rs 9,466.58 crore in the same quarter of the previous year.
“In compliance with Regulation 30 and other relevant Securities and Exchange Board of India (SEBI) guidelines, we wish to inform stakeholders that Mazagon Dock Shipbuilders Limited has recorded a provisional and unaudited turnover of approximately Rs 10,775.34 crore for the financial year ending March 31, 2025,” the company stated in a separate exchange filing.
Impressive Q3 Results
The company’s financial health continues to improve, as shown by its consolidated net profit, which rose by 29.33% year-over-year, reaching Rs 807.04 crore, compared to Rs 623.87 crore in the same quarter last year. Additionally, revenue for the quarter ending December 2024 soared by 30%, amounting to Rs 3,143.62 crore, up from Rs 2,362.47 crore during the same period in the previous fiscal year.
Key Takeaways
- Stock Performance: 11% rise to Rs 2,697.70
- Dividend Details: Rs 3 per equity share; record date April 16, 2025
- Financial Growth: 13.8% increase in turnover; consolidated net profit up 29.33%
With these promising financial results and a dividend on the horizon, Mazagon Dock Shipbuilders is positioned favorably in the market. Investors are encouraged to stay updated on further announcements and potential growth opportunities within the company.
