Steel Authority of India Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2025, recommended Final Dividend of Rs. 1.60 per equity share.
SAIL · price
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On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 0.6 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SAIL's Board has recommended a final dividend of Rs. 1.60 per equity share (16% on face value of Rs. 10) for FY2024-25, subject to shareholder approval at the upcoming AGM. For the full year, standalone revenue from operations fell to Rs. 1,02,478 crore from Rs. 1,05,375 crore in FY24, while net profit declined about 21% to Rs. 2,148 crore (FY24: Rs. 2,733 crore), translating to an EPS of Rs. 5.20 versus Rs. 6.62. However, the March quarter (Q4 FY25) showed a recovery with net profit of Rs. 1,178 crore, up from Rs. 1,011 crore in Q4 FY24. The auditor's report carries a qualified opinion over disputed entry tax liabilities of Rs. 105 crore and recoverability of Rs. 448 crore in advances paid to Damodar Valley Corporation, while a Rs. 1,906 crore water charges demand from Jharkhand remains a contingent liability.
The full-year numbers are weak with both revenue and profit declining, but the stronger Q4 performance and modest dividend may provide some support. Investors should note ongoing legal contingencies and the qualified audit opinion, which could weigh on sentiment.