Seshasayee Paper and Boards Limited has informed the Exchange that Board of Directors at its meeting held on May 10, 2025, recommended Final Dividend of Rs. 2.50 per equity share.
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Seshasayee Paper and Boards' Board of Directors, at their meeting held on May 10, 2025, recommended a Final Dividend of Rs. 2.50 per equity share (on face value of Rs. 2) for FY 2024-25, subject to shareholder approval at the 65th AGM scheduled for June 14, 2025. Dividend payments will be made on or after June 17, 2025, with the book closure period set from June 5 to June 14, 2025. For FY 2024-25, standalone total income stood at Rs. 1,824.26 crores (vs Rs. 1,853.04 crores in FY24), while standalone net profit after tax dropped sharply to Rs. 104.56 crores from Rs. 259.37 crores in the previous year. Standalone basic EPS for FY25 was Rs. 17.36 compared to Rs. 43.06 in FY24. The auditor issued an unmodified opinion on the financial results.
Despite a steep decline in profits, the company has continued its dividend tradition, offering some income to shareholders. The significant drop in profitability and EPS may weigh on the stock, but the declared dividend could provide near-term support to the share price. Investors should weigh the weaker earnings against the dividend payout.