SAIL dividend 2023: Board announces Re 0.50 payout

SAIL Dividend 2023: State-owned SAIL announced a final dividend of Re 0.50 per share for FY23 to its shareholders. "Higher prices of coal and volatility of steel prices have impacted the margins of SAIL. In the current financial year, the company is taking strategic steps for improving the performance," it said, the company's communique said. 

SAIL dividend history 

Source: NSE

SAIL Q4 results

The company posted over 50 per cent fall in its consolidated net profit to Rs 1,159.21 crore for the quarter ended March 31, dragged down by lower income. It had reported a net profit of Rs 2,478.82 crore during the January-March quarter of the preceding 2021-22 financial year (FY), the company said in a regulatory filing on Thursday. SAIL also reported a sharp fall in its total income to Rs 29,416.39 crore, from Rs 31,175.25 crore in the year-ago quarter.

SAIL in a separate statement said its crude steel production during the last quarter of FY23 was at 4.95 million tonnes (MT), higher from 4.60 MT a year ago. The company's sales were down at 4.68 MT, as against 4.71 MT in January-March FY22.

Steel Authority of India Ltd (SAIL), under the Ministry of Steel, is among the country's top five steel-producing companies with a total installed capacity of about 21 MT per annum.

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