Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2025. Notice along with the Annual Report for the FY 2024-25 is attached.
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Awaiting price reaction for this filing.
Mazagon Dock Shipbuilders has informed the exchange that its 92nd AGM will be held on Friday, September 26, 2025, at 11:00 AM via video conferencing, along with the release of its Annual Report for FY 2024-25. The filing itself is a routine AGM notice, but the attached annual report highlights record financials: revenue from operations rose 20.76% to ₹11,431.88 crore, profit before tax grew 26.32% to ₹3,109.20 crore, and profit after tax jumped 26% to ₹2,324.88 crore, with EPS of ₹57.63 and EBITDA margin expanding to 28.24%. The order book stood at ₹32,260 crore, backed by major Navy projects, two large ONGC offshore contracts worth over ₹6,160 crore, and export orders including six hybrid multi-purpose vessels for a European client valued at ~₹715 crore. The company also announced an agreement to acquire a majority stake in Sri Lanka's Colombo Dockyard PLC for ~₹452 crore and reported a Navratna status upgrade in 2024.
Routine AGM filing with no immediate price action expected, but the underlying annual report reinforces a strong growth and order book story for shareholders. The provisions of ₹746 crore (including ₹521 crore for anticipated losses on Coast Guard and MPV projects) and CFO commentary flagging slower future growth (~10% vs prior 20%+) are the key points investors should watch closely.