Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2025.
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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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The Board of Directors approved the audited standalone financial results for Q4 and full year ended March 31, 2025, with an unmodified opinion from auditor A.T. Jain & Co. Revenue from operations grew modestly to Rs. 18.30 crore (FY24: Rs. 17.22 crore), while profit before tax rose about 18% to Rs. 65.14 crore, driven by lower expenses. However, the company reported a net loss of Rs. 189.38 crore for the year (vs profit of Rs. 47.49 crore in FY24) and EPS of Rs. (4.07) — entirely due to a one-time, non-cash deferred tax liability of Rs. 238.34 crore booked on MTI segment assets following the withdrawal of the LTCG indexation benefit under the Finance (No. 2) Act, 2024. The Board has recommended a dividend of Rs. 0.55 per share (5.5%), entailing an outgo of about Rs. 25.62 crore, subject to shareholder approval at the AGM.
For shareholders, the headline net loss looks alarming but is purely a non-cash, one-time tax adjustment and does not reflect deterioration in operations — underlying PBT actually improved. The dividend declaration signals confidence in cash flows, but the deferred tax charge will weigh on reported book value and net worth.