Mazagon Dock Shipbuilders on Tuesday, November 5 reported a 75.7 per cent year-on-year (YoY) bounce in its web revenue to ₹585 crore for the September quarter of monetary yr 2025. The revenue within the corresponding quarter final fiscal stood at ₹332.9 crore.
In the meantime, the income from operations surged 51 per cent YoY to ₹2,756.8 crore from ₹1,827.70 crore.
On a quarter-on-quarter (QoQ) foundation, Mazagon Dock’s Q2 revenue witnessed a 16 per cent decline from ₹696.10 crore posted within the June 2024 quarter. Income from operations, nonetheless, elevated by 16.96 per cent on a sequential foundation.
EBITDA reached ₹509 crore in Q2, reflecting a 187.57% improve in comparison with the ₹177 crore recorded in Q2FY24. Nevertheless, it was decrease than ₹642 crore reported within the previous June quarter.
Following the earnings announcement, the inventory jumped sharply by 7 per cent to ₹4,309.95 on the BSE.
The inventory has delivered multibagger returns to buyers within the final one yr, surging a whopping 121 per cent. Nevertheless, within the final three months alone it has shed over 16 per cent.
Company Actions
The corporate’s board at its assembly held on October 22 declared an interim dividend of ₹23.19 per fairness share of ₹10 every totally paid-up for the monetary yr 2024-25. The document date for the fee of the stated interim dividend was introduced as October 30, 2024.
Aside from dividend, Mazagon Dock’s board additionally introduced its first-ever bonus challenge of shares within the ratio of two:1, suggesting buyers holding one share of Mazagon Dock can be eligible to obtain two extra shares of the general public sector firm.
Nevertheless, the corporate has not but declared the document date for the bonus challenge.
“The document date for the aim of sub-division/ cut up of Fairness Share shall be determined after acquiring approval for sub-division/ cut up from the shareholders by postal poll digital voting course of and can be intimated sooner or later,” it stated in an trade submitting.
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