The company's board approved an interim dividend of Rs 7.1 per share aggregating to Rs 143.20 crore for the financial year ending 2021-22.
The PSU company has fixed Friday, 7 January 2022, as the record date for the same. At yesterday's closing price of Rs 268.40, this translates to a dividend yield of 2.64%.Mazagon Dock Shipbuilders is one of India's defence public sector undertaking shipyard under the Ministry of Defence. The company's main activities are construction of warships and submarines with facilities situated at Mumbai and Nhava (under development). It has the capability to build warships, submarines, merchant ships upto 40,000 DWT since 1979. As of 30 September 2021, the Government of India held 84.83% stake held in Mazagon Dock Shipbuilders.
The company's consolidated net profit jumped 35.87% to Rs 135.03 crore on a 42.79% surge in revenue from operations to Rs 1,570.11 crore in Q2 FY22 over Q2 FY21.
The scrip gained 3.33% to end at Rs 268.40 on Tuesday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app