Dividend stock: Mazagon Dock announces second interim dividend of ₹3 for FY25; record date fixed

Dividend stock: State-owned Mazagon Dock Shipbuilders, on Tuesday, declared its second interim dividend of ₹3 for the financial year 2025, along with provisional figures from the March quarter results.

Mazagon Dock share price was up 2.24 per cent to in Tuesday's trading session. At 9:30 am, the stock was trading at ₹2,425.65 apiece, against previous close at ₹2,319 on Monday.

The company has set Wednesday, April 16 as the record date for the dividend. Meanwhile, the payment of the dividend will be completed on or before May 7.

" 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, 16 April 2025 as "Record Date" for the same. The payment of 2nd Interim Dividend shall be completed on or before 07 May 2025, " the company said in an exchange filing on April 8.

The company posted a 12 per cent rise in its provisional revenue for the financial year rose at ₹10,776 crore—up from ₹9,466 crore recorded in the previous year.

“ 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),” it added.

The company further informed that the board has also approved the appointment of Ruchir Agrawal as the Chief Financial Officer.

Mazagon Dock Q3 results highlights

Mazagon Dock reported a 29 per cent year-on-year (YoY) increase in consolidated net profit, reaching ₹807 crore for the quarter ending December 31, 2024, up from ₹627 crore in the corresponding quarter last year.

Revenue from operations rose by 33 per cent YoY to ₹3,144 crore, compared to ₹2,362 crore in the same period a year ago.

EBITDA surged 51 per cent YoY to ₹817 crore, up from ₹539 crore in the previous year’s third quarter. Operating margins also saw an improvement, rising to 26 per cent.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.