Mazagon Dock Shipbuilders Ltd’s Board of Directors has declared and approved an interim dividend of ₹3 per equity share.
On April 15, 2025, Mazagon Dock share price (NSE: MAZDOCK) opened at ₹2,490.00 and closed at ₹2,652.90, up by 9.06%. The stock price touched its day’s high at ₹2,697.70.
The board of directors of the company, at its meeting held on April 8, 2025, approved the declaration of a second interim dividend of ₹3 per equity share (face value of ₹5 each), fully paid-up, for the financial year 2024–25.
The company has fixed Wednesday, April 16, 2025, as the record date for this interim dividend. The dividend payment is expected to be completed on or before May 7, 2025.
The company reported its standalone financial performance in Q3 FY25, with revenue from operations rising to ₹3,144 crore, compared to ₹2,362 crore in Q3 FY24. Profit after tax (PAT) also saw an increase, reaching ₹768 crore in Q3 FY25, up from ₹592 crore in the same quarter last year.
Mazagon Dock Shipbuilders Limited (MDL), based in Mumbai and established in 1774, is one of India’s leading shipyards. What began as a modest dry dock has grown into a prominent shipbuilding enterprise. Since 1960, MDL has built 801 vessels, including warships, submarines, cargo and passenger ships, as well as offshore platforms.
Mazagon Dock’s Q3 performance and interim dividend announcement highlight its growth and shareholder focus. Investors may keep an eye on the stock for future developments.
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Published on: Apr 16, 2025, 8:24 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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