Shipping Corporation Of India Land And Assets Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2025, recommended Final Dividend of Rs. 0.55 per equity share.
SCILAL · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.3 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SCILAL's Board met on May 6, 2025 and approved audited standalone financial results for Q4 and FY25, along with a final dividend of Rs. 0.55 per share (5.50% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. Total dividend outflow would be approximately Rs. 25.62 crores. Revenue from operations rose modestly to Rs. 1,830 lakhs in FY25 from Rs. 1,722 lakhs in FY24, while profit before tax improved to Rs. 6,514 lakhs from Rs. 5,510 lakhs. However, the company reported a net loss of Rs. 18,938 lakhs for FY25 (vs. a profit of Rs. 4,749 lakhs in FY24) primarily due to a one-time deferred tax liability of Rs. 238.34 crores recognized on its MTI assets following the withdrawal of the LTCG indexation benefit under the Finance (No.2) Act, 2024. Auditor A.T. Jain & Co. issued an unmodified (clean) opinion on the results.
Despite reporting a headline net loss, the loss is largely a non-cash accounting charge from a tax law change, while underlying operating profit actually improved year-on-year. The modest dividend signals confidence in cash flows. Operating cash flow was negative, so shareholders should note the heavy reliance on investing activities (likely asset sales) for liquidity.