Mazagon Dock Shipbuilders Q4 Results: Multibagger defence PSU declares 121% final dividend; PAT doubles, EBITDA skyrockets

Mazagon Dock Shipbuilders Q4 results, final dividend, interim dividend: Multibagger defence PSU Mazagon Dock Shipbuilders reported its fourth-quarter results on Wednesday (May 29, 2024), announcing a final dividend of Rs 12.11 per equity share (121 per cent).

It was in addition to an interim dividend of Rs 15.34 the company had declared earlier. 

"The final dividend would be paid within 30 days from the date of its declaration at the 91st AGM of the Company," the company said in a statement on Wednesday.

After it announced its fourth-quarter results, the stock of the defence PSU hit an all-time high of Rs 3400.25 on BSE on Wednesday.

Mazagon Dock's profit after tax (PAT) soared to Rs 662.97 crore in the fourth quarter from Rs 326.19 crore in the same quarter last fiscal.

The company's consolidated revenue from operations soared to Rs 3,103.65 crore in the quarter under review from Rs 2,078.59 Year-on-Year.

Its quarterly EBITDA grew 2.5 times on a year-on-year basis to Rs 524.1 crore.