Mazagon Dock Shipbuilders Ltd

The securities of CDPLC would be acquired via a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC (including Onomichi Dockyard Co. Ltd. (Onomichi), a majority shareholder of CDPLC). For this purpose, Mazagon Dock, CDPLC and Onomichi have executed definitive documents setting out the terms and conditions of the proposed acquisition. Listed on Columbo Stock Exchange, Colombo Dockyard PLC is engaged in the business of ship building and ship repair. Turnover of CDPLC for the year ended 31 December 2024 on a consolidated basis is LKR 25,447 million. The proposed acquisition will enable Mazagon Dock to strengthen its position in the ship repair and ship building industry, by unlocking operational synergies, enhancing research development capabilities, and expanding market reach. It supports the company's long-term growth vision in the ship building and ship repair industry. Pursuant to the completion of the proposed acquisition, CDPLC will become a subsidiary of the company,' Mazagon Dock Shipbuilders said in a statement. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit declined 50.93% to Rs 325.29 crore, while revenue from operations rose 2.28% to Rs 3,174.41 crore in Q4 March 2025 over Q4 March 2024. The scrip had gained 1.54% to end at Rs 3169.50 on the BSE today. Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that the Board of Directors of the Company at its meeting held on 29 May 2025, inter alia, have recommended the final dividend of Rs 2.71 per equity Share (i.e. 54.2%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Mazagon Dock Shipbuilders declined 50.93% to Rs 325.29 crore in the quarter ended March 2025 as against Rs 662.97 crore during the previous quarter ended March 2024. Sales rose 2.28% to Rs 3174.41 crore in the quarter ended March 2025 as against Rs 3103.65 crore during the previous quarter ended March 2024. For the full year,net profit rose 24.60% to Rs 2413.51 crore in the year ended March 2025 as against Rs 1936.97 crore during the previous year ended March 2024. Sales rose 20.76% to Rs 11431.88 crore in the year ended March 2025 as against Rs 9466.58 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales3174.413103.65 2 11431.889466.58 21 OPM %2.8416.89 -18.0214.91 - PBDT398.41871.57 -54 3176.852507.96 27 PBT369.81848.64 -56 3061.662424.83 26 NP325.29662.97 -51 2413.511936.97 25 Powered by Capital Market - Live

Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

Mazagon Dock Shipbuilders has appointed Kedar Nath Gupta (DIN-06460508) as Part-time Non-Official (Independent) Director on the Board of the Company is 21 May 2025. Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that Ministry of Defence vide their letter dated 15 May 2025 has appointed Kedar Nath Gupta as Part-time Non-Official (Independent) Director on the Board of the Company. Meanwhile, the DIN application of Kedar Nath Gupta is under process, the appointment will be effective from the date of allotment of DIN to himPowered by Capital Market - Live

Mazagon Dock Shipbuilders Ltd rose 2.9% today to trade at Rs 3054.65. The BSE PSU index is up 0.34% to quote at 18349.64. The index is up 5.94 % over last one month. Among the other constituents of the index, Garden Reach Shipbuilders & Engineers Ltd increased 2.08% and Union Bank of India added 1.69% on the day. The BSE PSU index went down 5.2 % over last one year compared to the 9.57% surge in benchmark SENSEX. Mazagon Dock Shipbuilders Ltd has added 31.71% over last one month compared to 5.94% gain in BSE PSU index and 10.13% rise in the SENSEX. On the BSE, 16761 shares were traded in the counter so far compared with average daily volumes of 4.27 lakh shares in the past one month. The stock hit a record high of Rs 3170 on 02 May 2025. The stock hit a 52-week low of Rs 1046 on 13 May 2024.Powered by Capital Market - Live

As per the official notification, he will serve in this role until his superannuation on 30 September 2029, or until further notice. The change in leadership also marks the cessation of Biju George's additional charge as CMD, effective 21 April 2025. Capt (Retd) Jagmohan brings over 25 years of distinguished service in the Indian Navy, with extensive expertise in naval design, project management, and business development. A naval architect by training from Cochin University of Science & Technology, he also holds postgraduate degrees and an M.Tech in Naval Construction and Ocean Engineering from IIT Delhi and IIT Kharagpur, respectively. Before joining MDL, Capt (Retd) Jagmohan held senior roles at Goa Shipyard Ltd. and Garden Reach Shipbuilders & Engineers Ltd. (GRSE), Kolkata. At GRSE, he served as Head of Design, leading the development and execution of complex warship projects for the Indian Navy and Indian Coast Guard, including advanced stealth frigates and anti-submarine warfare corvettes. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit surged 28.8% to Rs 807.04 crore on a 33.1% jump in revenue from operations to Rs 3,143.62 crore in Q3 FY25 over Q3 FY24. Shares of Mazagon Dock Shipbuilders rose 0.54% to Rs 2,779.95 on the BSE.Powered by Capital Market - Live

The Board of Mazagon Dock Shipbuilders at its meeting held on 08 April 2025 has approved the appointment of Ruchir Agrawal, Director (Finance) (DIN: 10166533) as Chief Financial Officer of the Company. Powered by Capital Market - Live

Mazagon Dock Shipbuilders has fixed 16 April 2025 as record date for 2nd interim dividend of Rs 3 per equity share of Rs 5 each fully paid up for FY 2024-25. The dividend will be paid on or before 07 May 2025. Powered by Capital Market - Live