Dividend Stock: Public Sector Defense Company Garden Reach Shipbuilders Limited (Garden Reach Shipbuilders) Today has announced a dividend on 3 February. The company has also released the results of the third quarter of FY25. Both the Net Profit and Revenue of the company have increased in the December quarter. The company’s shares declined by 5.31 per cent today and this stock has closed at Rs 1508.45 on BSE. With this decline, its market cap has come down to Rs 17,279.60 crore.
When is the record date?
Garden Reach Shipbuilders have declared an interim dividend of ₹ 8.95 per share for their shareholders. This is the highest dividend ever declared by the company. The record date for this has been fixed on Friday, 7 February 2025. Earlier, the company released a dividend of ₹ 7.92 per share in February last year. At the same time, dividends of Rs 1.44 were also given in September 2024.
How to be the quarterly results of Garden Reach Shipbuilders
Revenue of Garden Reach Shipbuilders increased by 37 per cent to ₹ 1271 crore from the same quarter last year, while its net profit increased by 12 per cent to ₹ 98 crore from the same quarter last year. Ebitda witnessed an increase of 55% for the Garden Reach at the end of the December quarter, which stood at ₹ 75.63 crore, while the margin increased by about 70 basis points from 5.27% to 5.95% in the base quarters.
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