Mazagon Dock Q2 FY25 Earnings Profit Surges 76% YoY, Dividend And Bonus Announced

On November 5, Mazagon Dock Shipbuilders reported a substantial 75.7% year-on-year (YoY) increase in net profit for the second quarter (Q2) of the fiscal year 2025. Profit for Q2 stood at ₹585 crore, a significant jump from ₹332.9 crore during the same period last year. Revenue from operations also surged, reaching ₹2,756.8 crore—a 51% increase compared to ₹1,827.7 crore in the previous year.

Quarterly Comparison
Comparing the Q2 results to the previous quarter, Mazagon Dock’s profit showed a decline of 16% from ₹696.1 crore in Q1 of FY25. However, the revenue from operations rose sequentially by 16.96%.

EBITDA Growth
The company’s EBITDA for Q2 was ₹509 crore, marking a 187.57% rise from ₹177 crore in Q2FY24, though it was lower than the ₹642 crore reported in the June 2024 quarter. Following the release of these results, Mazagon Dock’s stock rose by 7%, reaching ₹4,309.95 on the BSE.

Stock Performance and Recent Returns

Mazagon Dock’s stock has shown impressive returns, surging by 121% over the past year. Despite this long-term growth, the stock has seen a recent decline, falling over 16% in the last three months.

Corporate Actions: Dividend and Bonus Issue

Interim Dividend
At a board meeting held on October 22, Mazagon Dock declared an interim dividend of ₹23.19 per fully paid equity share of ₹10 for FY25. October 30, 2024, was set as the record date for the dividend payment.

Bonus Issue of Shares
The company also announced its first bonus issue, offering 2 additional shares for every share held, a 2:1 ratio. While the bonus issue was approved, the record date for eligibility has not yet been set.

Planned Share Split
Mazagon Dock is planning a stock split, subject to shareholder approval through electronic voting. Once shareholder approval is received, the company will announce the split’s record date.

On November 6, 2024, Mazagon Dock’s share price opened at ₹4,250.00 and touched the day high of ₹4,327.95 at 09:44 AM.

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