Mazagon Dock Shares Turn Ex-Dividend, Surge 174% Since May Announcement

20 Nov 2023 , 12:30 PM

Mazagon Dock Shipbuilders Ltd shares turn ex-dividend on September 20. The company declared a final dividend of Rs 6.86 per share on May 30, in addition to an interim dividend of Rs 9.10 per equity share for FY 2022-23.

Since the final dividend announcement, the stock surged by 174%, reaching Rs 1394.55 on BSE. In the June quarter, Mazagon Dock reported a 40% YoY rise in consolidated net profit to Rs 314 crore, while revenue from operations fell 2.6% YoY to Rs 2172.8 crore.

Mazagon Dock Shipbuilders Ltd (MDS) is a shipbuilding and offshore fabrication yard, engaged in shipbuilding, ship repairs, and fabrication of offshore structures. The company provides a range of vessels and structures, including warships, submarines, and offshore platforms.

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