JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Steel Limited's Board of Directors has recommended a final dividend of Rs. 2 per equity share (200% on face value of Re. 1) for FY 2025-26. This is subject to shareholder approval at the ensuing AGM. For context, the company reported standalone revenue from operations of Rs. 54,023 crore and consolidated revenue of Rs. 53,225 crore for the year. Standalone net profit was Rs. 3,074 crore while consolidated net profit stood at Rs. 3,361 crore. The Q4 standalone result showed a loss of Rs. 143 crore due to a Rs. 1,417 crore exceptional item (write-off of loans to Jindal Steel Mauritius subsidiary). The company also approved the re-appointment of cost auditors Shome & Banerjee for FY 2026-27.
The recommended dividend of Rs. 2 per share signals management confidence in the company's financial health and cash generation ability. At current market prices, this would represent a healthy dividend yield for shareholders. The Q4 loss due to loan write-offs is a one-time charge and not indicative of operational performance, which remains strong with full-year profits up significantly year-over-year.