Shares of Jindal Saw Ltd. will be of interest on Wednesday as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Jindal Saw’s board announced a final dividend of Rs 2 per share for financial year 2025. The dividend will be paid to those shareholders whose names appear in the register of members of the company as on the record date.
Given India’s T+1 settlement cycle, shares purchased on the record date (June 4 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 5 will be the beneficiaries.
The total amount to be disbursed as dividend is around Rs 127.9 crore.
In comparison, the company had issued a final dividend of Rs 4 on June 11, 2024. In 2023, the company had allotted a final dividend of Rs 3.
Jindal Saw Q4 Performance
Jindal Saw’s earnings plummeted in the fourth quarter of financial year 2025.
Consolidated revenue from operations slipped 7% to Rs 5,046.6 crore in the January-March period, compared to Rs 5,425.2 crore last fiscal. Net profit fell 42% to Rs 291.28 crore from Rs 502.18 crore in the year-ago period.
On an operational basis, the company’s earnings before interest, taxes, depreciation and amortisation declined 20% to Rs 736.2 crore, down from Rs 920.3 crore, resulting in a margin contraction to 14.6% compared to 17% previously.
. Read more on Markets by NDTV Profit.Jindal Saw’s board announced a final dividend of Rs 2 per share for financial year 2025. Read MoreMarkets, Business, Notifications
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