Multibagger PSU Co Net Profit More Than Doubles, Declares 6.86/Share Dividend

Leading PSU defence sector company, Mazagon Dock Shipbuilders Ltd on Tuesday reported its net profit surged to Rs 326 crore for the fourth quarter ended March, up 105% as against Rs 159 crore declared in the corresponding quarter of last year. The company announced final dividend of Rs 6.86 per share. Mazagon Dock Shipbuilders share gave 183% return in last 1-year. Check details below:

Mazagon Dock Shipbuilders Ltd Declares Dividend: According to the BSE filing of the psu company, "Board of directors of Mazagon Dock Shipbuilders recommended final dividend of 6.86 per equity share in addition to the interim dividend of Rs 9.10 per equity shares paid earlier for FY 2022-23. The final dividend will be paid with in 30 days from the date of its declaration at the 90th AGM of the company."

Mazagon Dock Shipbuilders Stock Performance & Return: Last trading price of Mazagon Dock Shipbuilders is Rs 801.45 per share with intraday gain of 3.50%. Mazagon Dock Shipbuilders share 52-week high price is Rs 936.85 per share and 52-week low price is Rs 229.65 per share, respectively. The company has a market capitalisation of Rs 16,164.45 crore. Mazagon Dock Shipbuilders share delivered 183% return in last 1-year and 277% return in last 2-years.

Mazagon Dock Shipbuilders Q4: The company registered robust earnings for the fourth quarter of financial year 2022-23. It declared 49% jump in revenue to Rs 2078 crore. Its earnings before interest, tax, depreciation and amortisation (EBITDA) almost tripled to Rs 211 crore as against Rs 77 crore year on year. Meanwhile, EBITDA margins doubled to 10.1% against 5.5% in the corresponding quarter of last year.

Mazagon Dock Shipbuilders About: It is one of the leading shipbuilding and offshore fabrication yards in India. The Yard was established in the 18th century, and over the 200 odd eventful years, has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy, Coast Guard & ONGC in particular. In its varied history, MDL passed through various ownerships like the P&O lines and the British India Steam Navigation Company. It was incorporated as a Public Limited Company in 1934, according to its LinkedIn page.