Shipping Corporation of India Land and Assets Limited (SCILAL) held its Board Meeting on 6 May 2025.
Key outcomes:
- Approved the Audited Standalone Financial Results for the quarter and year ended 31 March 2025.
- For the year ended 31 March 2025:
- Total Income was ₹10,335 lakh (₹103.35 crore) compared to ₹9,894 lakh (₹98.94 crore) in the previous year.
- Reported a Profit/(Loss) for the period of ₹(18,938) lakh (₹-189.38 crore) compared to a profit of ₹4,749 lakh (₹47.49 crore) in the previous year.
- Earnings per equity share was ₹(4.07) compared to ₹1.02 in the previous year.
- The significant loss for the year is primarily due to a Deferred Tax Liability of ₹23,822 lakh (₹238.22 crore) recognised under Ind AS 12.
- Recommended a dividend of ₹0.55 per equity share of face value ₹10 each (5.50%).
- The total outgo for the recommended dividend is approximately ₹25.62 crore, subject to shareholder approval at the ensuing Annual General Meeting (AGM).
- If declared at the AGM, the dividend will be paid within 30 days from the declaration date.
- The Board Meeting commenced at 1145 hours IST and concluded at 1340 hours IST.