NSEMazagon Dock Shipbuilders Ltd., the state-run ship manufacturer reported a revenue growth of 50% for the March quarter compared to the same period last year.
Mazagon Dock reported a revenue of ₹3,103.6 crore, compared to the ₹2,078.6 crore topline it reported during the same period last year.Net profit for the period more than doubled to ₹663 crore, compared to ₹326 crore during the year-ago quarter.Earnigns Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter surged to ₹525 crore, from ₹211 crore during the same figure last year.
EBITDA margin expanded by nearly 700 basis points to 17%.Mazagon Dock has also declared a final dividend of ₹12.11 per share, which is in addition to the interim dividend of ₹15.34 per share it announced earlier in financial year 2024.
Retail shareholders with capital of up to ₹2 lakh, have a 9.29% stake in the company.Shares of Mazagon Dock Shipbuilders ended 11.1% higher at ₹3,374.1.
The stock has risen 50% so far in 2024.
NSE
Mazagon Dock Shipbuilders Ltd., the state-run ship manufacturer reported a revenue growth of 50% for the March quarter compared to the same period last year. Mazagon Dock reported a revenue of ₹3,103.6 crore, compared to the ₹2,078.6 crore topline it reported during the same period last year.Net profit for the period more than doubled to ₹663 crore, compared to ₹326 crore during the year-ago quarter.Earnigns Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter surged to ₹525 crore, from ₹211 crore during the same figure last year. EBITDA margin expanded by nearly 700 basis points to 17%.Mazagon Dock has also declared a final dividend of ₹12.11 per share, which is in addition to the interim dividend of ₹15.34 per share it announced earlier in financial year 2024. This dividend is subject to approval from shareholders at the ensuing annual general meeting (AGM), the date for which has not been disclosed.On approval of the shareholders, the dividend will be dispatched within 30 days of the AGM.The government remains the largest shareholder in Mazagon Dock, with an 84.8% stake as of the March quarter. Retail shareholders with capital of up to ₹2 lakh, have a 9.29% stake in the company.Shares of Mazagon Dock Shipbuilders ended 11.1% higher at ₹3,374.1. The stock has risen 50% so far in 2024.
