Mazagon Dock Shipbuilders’ share price jumped 11% to an intra-day high of Rs 2,697.70 ahead of its second interim dividend record date for FY25. The stock was trading 9.88% higher at Rs 2,673 around 3.20 PM.
The company had announced to pay out a second interim dividend of Rs 3 per equity share for the financial year 2024–25. The state-owned defence shipbuilder announced Wednesday, April 16, 2025, as the record date to determine the eligibility for the dividend.
“Declaration of 2nd Interim Dividend of Rs 3 per equity share of Rs 5 each fully paid-up for the financial year 2024–25. Further, the company has fixed Wednesday, April 16, 2025, as the record date for the same,” said the company in an exchange filing. The dividend is expected to be paid on or before May 7, 2025.
Along with the announcement of an interim dividend on April 08, the company also reported that its turnover rose 13.8% year-on-year to Rs 10,775.34 in Q4 FY25, compared to Rs 9,466.58 crore in Q4 FY24.
“In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Mazagon Dock Shipbuilders Limited (MDL) recorded a turnover of Rs. 10,775.34 Crores approx. (provisional and unaudited) for the financial year ended on 31 March 2025 (corresponding figure for the previous year was Rs. 9466.58 Crores),” said the company in a different exchange filing on the same date.
Mazagon Dock Shipbuilders’ Q3 results
The company’s consolidated net profit for the quarter increased by 29.33% YoY to Rs 807.04 crore, as against Rs 623.87 crore in the same quarter a year ago. The company clocked a revenue of Rs 3,143.62 crore during the quarter ending December 2024, a growth of 30% YoY, compared to Rs 2,362.47 crore in the corresponding period of the last fiscal.
