Mazagon Dock Shares In Focus After Rs 452 Cr Colombo Dockyard Stake Buy In Sri Lanka
Last Updated:June 29, 2025, 14:47 IST
Mazagon Dock Shipbuilders Limited (MDL), headquartered in Mumbai, is an Indian defense public sector undertaking under the Ministry of Defence.
Mazagon Dock acquires 51% stake in Colombo company. (AI-Generated Image)
Mazagon Dock Share Price: Mazagon Dock Shipbuilders Limited shares are set to remain focus on Monday June 30, following the board’s approval to acquire a controlling and substantial stake of Colombo Dockyard PLC (a company listed on Columbo Stock Exchange, Sri Lanka) at USD 52.96 million or Rs 452 crore. The acquisition was happened through a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC (including Onomichi Dockyard Co. Ltd. (Onomichi), a majority shareholder of CDPLC.
Mazagon Dock Shipbuilders Limited (MDL), headquartered in Mumbai, is an Indian defense public sector undertaking (DPSU) under the Ministry of Defence, specializing in shipbuilding and submarine construction
On last Friday, shares of Mazagon Dock Shipbuilders Limited closed 1.50 per cent higher at Rs 3,169.50 apiece, against the previous day close at Rs 3,121.50 apiece. The stock’s 52-week high and low remained at Rs 3,778 and Rs 1,917, respectively.
Mazagon Dock Q4 FY25 Results
The company’s net profit for the January-March quarter slipped to Rs 325.3 crore from Rs 663 crore in the year-ago period.
Revenue from operations for the quarter rose marginally by 2.3% YoY to Rs 3,174.4 crore, compared to Rs 3,103.7 crore in the previous year. However, operating performance was under pressure, with EBITDA plunging 83% to Rs 90 crore from Rs 524 crore.
For the full financial year, Mazagon Dock Shipbuilders reported a 25% rise in net profit to Rs 2,414 crore, up from Rs 1,937 crore in FY24, while revenue climbed 21% to Rs 11,432 crore.
Mazagon Dock Dividend FY25
Mazagon Dock Shipbuilders fixed Wednesday, April 16, 2025 as the record date for determining the eligibility of the shareholders for the said interim dividend of FY25.
“Declaration of 2nd Interim Dividend of Rs. 3/- per equity share of Rs. 5/- each fully paid-up for the Financial Year 2024-25. Further, the Company has fixed Wednesday, 16 April 2025 as “Record Date” for the same,” the company said in the filing.
The payment of 2nd Interim Dividend was completed on or before 07 May 2025.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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