Mazagon Dock’s fourth-quarter profit doubles: Increases from Rs 326 crore to Rs 663 crore on yearly basis, stock rises 321.88% in one year

The profit of Mazagon Dock Shipbuilders Limited, a government shipbuilding company, 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 was Rs 326 crore in the same quarter a year ago. The company has announced a final dividend of Rs 12.11 per share for FY 2024. Companies give a part of the profit to their shareholders, it is called dividend. Mazagon Dock released its fourth quarter and annual results today i.e. on 27 May. Mazagon Dock gave 321.88% return in the last one year. The stock of Mazagon Dock closed 11.10% higher at Rs 3,374 today. It has given a return of 321.88% in the last one year. The shares of Mazagon Dock were listed in the market on 12 October 2020. Its issue price was Rs 145 per share. At the same time, its listing took place at Rs 190. The company’s profit increased by 73.09% in FY 2024 Mazagon Dock’s profit increased by 73.09% to ₹ 1,936.97 crores in the entire financial year 2024. The profit in FY 2023 was ₹ 1,119.03 crores. Revenue increased 21% to 9466.58 crores in the full year FY24 Mazagon Dock’s revenue i.e. income increased 21% to 9466.58 crores in the full year FY24. The revenue in FY23 was ₹ 7827.18. At the same time, revenue in the fourth quarter has increased 50% to ₹ 3,103.6 crores. The revenue in the same period a year ago was ₹ 2,078.6 crores.

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