Mazagon Dock Shipbuilders Q4 Results: Stock Up 11% After 50% Revenue Growth, ₹12 Dividend

Multibagger defence stock Mazagon Dock Shipbuilders hit a record high post Q4 and FY24 earnings. Net profit rose 101% to Rs 662.97 crore for the quarter ended March 2024 against Rs 326.19 crore in the March 2023 quarter. Revenue climbed 49% to Rs 3103.65 crore for the quarter ended March 2024 against Rs 2078.59 crore in the March 2023 quarter. Earnings per share rose to Rs 32.87 in March 2024 quarter against Rs 16.17 in the March 2023 quarter. The board recommended a final dividend of Rs 12.11 per equity share in addition to the interim dividend of Rs 15.34 per equity share paid earlier for FY 2023-24, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company. Watch BTTV Managing Editor Siddharth Zarabi in conversation with Sanjeev Singhal, CMD, Mazagon Dock Shipbuilders.