🚢 Mazagon Dock Share Price Update: 01 JUNE 2024 🚢
🎁 Mazagon Dock Shipbuilders Announces Bonus for Shareholders: Mazagon Dock Shipbuilders Limited has announced a final bonus of ₹12.11 per share for its shareholders. This announcement is subject to approval by the shareholders in the upcoming annual general meeting. After approval, the announcement will be made in the AGM and the bonus will be paid within 30 days. Previously, the company had issued a dividend of ₹15.34 per share in November 2023. The company has released the financial results for the fourth quarter of 2024, leading to an 11% increase in the company’s shares.
📈 Mazagon Dock Reports Strong Financial Performance: Mazagon Dock has announced its financial results for the fourth quarter of 2024. The net profit for the January-March quarter has doubled to ₹663 crores on an annual basis, compared to ₹326 crores in the previous financial year. The company’s revenue for the quarter increased by 50% annually, recording ₹3,103.6 crores, compared to ₹2,078.6 crores in the same period last year. The EBITDA for the quarter increased to ₹525 crores from ₹211 crores in the previous year, with an EBITDA margin of around 17%.
👥 Government Holds Largest Stake in Mazagon Dock: The government holds a 84.8% stake in Mazagon Dock as of the March quarter. Retail shareholders with capital up to ₹2 lakhs hold a 9.29% stake in the company. The company’s shares recently saw an 11% increase, with the share price closing at ₹3,358.20 on the BSE. With this increase, the company’s market cap has reached ₹67,731 crores.
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