Mazagon Dock's Profit: Mazagon Dock made huge profits, know how much percentage the share jumped..
Mazagon Dock’s Profit: The profit of state-owned shipbuilding company Mazagon Dock Shipbuilders Limited has doubled on a year-on-year (YoY) basis to Rs 663 crore in the fourth quarter (January-March) of FY 2024. The net profit in the same quarter a year ago was Rs 326 crore.
The company has declared a final dividend of Rs 12.11 per share for FY 2024. Companies give a part of the profit to their shareholders, this is called dividend. Mazagon Dock released its fourth quarter and annual results.
Mazagon DOCK gave 321.88% return in last one year
Mazagon Dock's stock closed at Rs 3,374 today, up 11.10%. It has given a return of 321.88% in the last one year. Mazagon Dock's shares were listed in the market on 12 October 2020. Its issue price was Rs 145 per share. At the same time, it was listed at Rs 190.
The company's profit increased by 73.09% in FY 2024
Mazagon Dock's profit grew 73.09% to ₹1,936.97 crore for the full fiscal year 2024. The profit in FY23 was ₹1,119.03 crore.
Full FY24 revenue grew 21% to Rs 9466.58 crore
In the entire financial year 24, the revenue of Mazagon Dock increased by 21% to 9466.58 crores. In the financial year 23, the revenue was 7827.18. At the same time, in the fourth quarter, the revenue has increased by 50% to 3,103.6 crores. In the same period a year ago, the revenue was ₹ 2,078.6 crores.