Mazagon Dock Shipbuilders Hits Record High After Q4 & FY24 Earnings: 101% Profit Surge and Dividend Boost | Narayan Prasad, Chairman , Mazagon Dock Shipbuilders Ltd. 00:10:00
Mazagon Dock Shipbuilders' Chairman, Sanjeev Singhal, shared insights into the company's growth trajectory, witnessed its stock hit a record high following the release of its Q4 and FY24 earnings. The company reported a remarkable 101% increase in net profit, reaching ₹662.97 crore for the quarter ended March 2024, compared to ₹326.19 crore in the same quarter the previous year. Revenue surged by 49% to ₹3103.65 crore from ₹2078.59 crore, reflecting strong operational performance. Earnings per share also saw a significant rise, doubling to ₹32.87 in Q4 FY24 from ₹16.17 in Q4 FY23.
