Mazagon Dock Dividend Set At Rs 2.71 Per Share
Mazagon Dock Shipbuilders Ltd. recommended a final dividend of Rs 2.71 per share for the financial year 2025. The dividend, if approved by shareholders, would be paid within 30 days from the date of the Annual General Meeting, according to a stock exchange filing.
The company will shell out Rs 109 crore in dividend under this plan. The central government which owns 84.8% stake in the submarine-maker will gain Rs 93 crore.
The record date will be announced later.
The final dividend is in addition to the first interim dividend of Rs 23.19 per share and second interim dividend Rs 3 per share paid during the year.
Mazagon Dock's net profit declined 51% in the fourth quarter of financial year 2025.
The public sector company posted a consolidated bottom line of Rs 325.3 crore in the quarter ended March 31, as compared to Rs 663 crore in the same period last year, according to an exchange filing on Thursday.
Revenue came in at Rs 3,174.4 crore, marking a 2.3% growth for the quarter under review as against Rs 3,103.6 crore in the year-ago period.
Shares of Mazagon Dock closed nearly 3% higher at Rs 3,773 apiece on the NSE, compared to a 0.33% advance in the benchmark Nifty 50. The stock has risen by 122.36% in the last 12 months and 68.6% in the year-to-date basis.
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