Mazagon Dock Shipbuilders share price jumps over 2% as stock trades ex dividend; check details

Shares of Mazagon Dock Shipbuilders Limited, a leading public sector undertaking (PSU) in the defence sector, witnessed strong buying interest as the stock traded ex-dividend today.

At 1:03 PM, shares of Mazagon Dock were trading 1.57% higher at ₹2,703 apiece on the NSE.

On April 8, 2025, the defence stock declared the second interim dividend for the fiscal year 2024–2025.

As per the intimation and release by Mazagon Dock Shipbuilders on the stock market exchanges, the company’s Board of Directors, in its meeting held on April 8, 2025, declared a second interim dividend of ₹3 for each fully paid-up equity share of ₹5 for the financial year 2024-25.

The directors also fixed Wednesday, April 16, 2025, as the record date to determine the eligible shareholders entitled to receive the said dividend.

The company had previously declared an interim dividend of ₹23.19 per equity share for the financial year 2024-25, with October 30, 2024, designated as the record date for determining shareholder eligibility.

Mazagon Dock reported a 28.8% increase in its consolidated net profit to ₹807 crore as compared to ₹627 crore logged in the year-ago period.

Revenue from operations grew 33% to ₹3,144 crore in the October-December period of FY25. The company’s revenue during Q3 FY24 stood at ₹2,362 crore.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) saw a 51.5% jump to ₹817 crore in the reporting quarter as against the ₹539 crore reported in the corresponding quarter last financial year.

Mazagon Dock’s EBITDA margin advanced by 317 basis points (bps) to 26% in Q3 FY25 as compared to 22.8% in Q3 FY24.

Mazagon Dock (MDL) also declared a total interim dividend for FY25 of ₹467.72 crore, i.e., ₹23.19 per share (231.90% of the face value of ₹10), which is the highest ever, the company said.

The company's potential significant projects include the P75-I submarines, four P17A stealth frigates, four next-generation destroyers, and the P17 Bravo project.

The firm has also secured a ₹19,900 crore contract from the Ministry of Defence to construct an Air Independent Propulsion Plug to improve conventional submarines' endurance.