Mazagon Dock's FY25 turnover rises 14%, declares 2nd interim dividend of Rs 3 per share for FY25

Mazagon Dock Shipbuilders on April 8 announced that its board has approved the payment of second interim dividend of Rs 3 per equity share for the financial year 2025. The shares of the company surged nearly 3 percent to trade at Rs 2,384 apiece.

Record date for interim dividend:

In an exchange filing, the PSU defence firm announced that the interim dividend will be paid on or before May 7. The record date to determine the eligibility of shareholders set to receive the payment has been set at April 16. Notably, the company had announced an interim dividend of Rs 23.19 per equity share in October last year.

Mazagon Dock's turnover jumps 14%:

Additionally, Mazagon Dock also announced that its turnover rose 14 percent year-on-year to approximately Rs 10,775.34 crore in FY25. It had earlier reported a turnover of Rs 9,466.58 crore in FY24.

Ruchir Agrawal to be appointed as CFO:

Further, the Navratna company said that its board has approved the appointment of Ruchir Agrawal as its Chief Financial Officer. Agrawal currently serves as Director (Finance) at the company.

Mazagon Dock shares have now snapped their three-day losing streak. Notably, the rise in share price comes a day after the stock crashed 10 percent on April 7, accompanying the overall market. The sharp selloff in the share price was fuelled after the government announced plans to sell up to 4.83 percent stake in the PSU defence firm at a floor price of Rs 2,525 per share.The shares have gained nearly 6 percent in 2025 so far. However, it has fallen over 6 percent in the last five days itself.