The Goa Shipyard Limited (GSL) reported satisfactory financial results for FY 2021-22, at its 56th Annual General Meeting (AGM) on September 29.
According to a GSL press note, the meeting, held in virtual mode, was chaired by GSL CMD Brajesh Kumar Upadhyay and attended by Directors, Auditors and shareholders, wherein Audited Financial Statements for FY 2021-22 were adopted.
Addressing the members, Upadhyay informed that the overall performance of the Yard was positive. The net worth of GSL has reached an all-time high of Rs 1,148 crore and gross revenue was Rs 865 crore and Profit before Tax was Rs 135 crore during FY 2021-22.
He further mentioned that a final dividend of Rs 1.10 per equity share of Rs 5 each for FY 2021-22 was declared at the AGM, which is in addition to the interim dividend of Rs 3.25 declared during the year. Thus, the total dividend for FY 2021-22 is Rs 4.35 per equity share being 87% on Paid-up Share Capital.
“By delivering the last two vessels of five Offshore Patrol Vessel (CGOPV) project to the Indian Coast Guard within the stipulated delivery dates, GSL had once again proved its operational excellence and thus successfully culminated five CGOPV project amid multiple challenges,” said Upadhyay.
