Mazagon Dock share price rises over 2% on dividend announcement; check record date

The stock climbed 2.36% to ₹2,372 apiece on the National Stock Exchange (NSE) at 3:00 pm.

Mazagon Dock dividend announced; check record date

In an exchange filing, the company declared a second interim dividend of ₹3 per share of ₹5 each fully paid up for the financial year 2024-25.

The record date has been fixed as April 16 and the payment shall be completed before May 7.

The state-run firm also announced that it has recorded a turnover of ₹10,775.34 crore for the financial year ended March 31, 2025, compared to ₹9,466.58 crore in the previous year.

In October last year, the firm had declared an interim dividend of ₹23.19 per share.

Recently, the government's 2.83% stake sale in Mazagon Dock was over-subscribed and received bids worth ₹3,700 crore from institutional investors.

The government is offloading a 2.83% stake or 1.14 crore equity shares at a floor price of ₹2,525 per share.

The offer for sale has a greenshoe option to retain oversubscription of an extra 80.67 lakh equity shares or 2%, taking the total issue size to 4.83%.

The OFS, which was open for institutional investors, was over-subscribed 1.42 times the base issue size.

Bidding for retail buyers opened on Monday, garnering 1,127 bids as against 1.95 million shares on offer.

The company reported a 29% increase in its consolidated profit after tax to ₹807 crore in the third quarter of FY25, compared to ₹627 crore in the corresponding period last fiscal.

Revenue from operations advanced 33% to ₹3144 crore in Q3 FY25, as against ₹2,362 crore in the year-ago fiscal. EBITDA jumped 51% to ₹817 crore from ₹539 crore a year back.