Maharatna SAIL To Reward Shareholders With Rs 1.60 Dividend, Fixes Record Date; Buy The PSU Stock?

Since Steel Authority of India Ltd. (SAIL) has set September 9, 2025, as the record date for its final dividend for FY25, the stock will be closely watched. The Maharatna PSU stock is expected to draw buying interest from investors anticipating the payout, as the dividend is subject to shareholder approval at the subsequent AGM. Traders may also position themselves ahead of the record date, considering that the upcoming dividend payout is anticipated to keep SAIL shares busy on Dalal Street in the upcoming sessions.

SAIL Dividend

"This is in continuation of our intimation no. CA-17(44)/2024-25 dated 28th May, 2025, wherein it was intimated that the Board of Directors at its meeting held on 28th May, 2025 have recommended Final Dividend @Rs. 1.60/- per equity share of Rs.10/- each for the Financial Year 2024-25 (16.00% of the paid up equity share capital of the Company). Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the record date for determining the eligibility of the shareholders to receive the Final Dividend for the Financial Year 2024-25 has been fixed as Tuesday, 9th September, 2025. The Final dividend for FY 2024-25 as recommended by the Board, if approved by the Shareholders in the ensuing Annual General Meeting (AGM) shall be paid (subject to TDS) within 30 days from the date of the approval by the shareholders," said SAIL in a stock exchange filing.

SAIL Q1FY26 Financials

The company's sales turnover for the quarter ended June 30, 2025, was Rs 25,731 crore, up about 8.3% over Q1 FY25's sales turnover of Rs 23,764 crore. From Rs 24,198 crore in Q1FY25 to Rs 26,082 crore in Q1FY26, the total income also grew by 7.8%. EBITDA increased from Rs 2,420 crore to Rs 2,925 crore, a roughly 21% YoY rise, as operating performance improved. Profit before tax (PBT) increased dramatically from Rs 326 crore to Rs 890 crore. Last but not least, Profit After Tax (PAT) increased significantly to Rs 685 crore from just Rs 11 crore in Q1 FY25.

SAIL Target Price

"SAIL is consolidating near its support zone around ₹120 and is showing signs of strength with improving momentum. The stock is holding well above its short-term moving averages, indicating underlying buying interest. RSI is gradually turning upward, supporting the bullish outlook. A sustained move above ₹123 could open the way for higher levels toward ₹128 and ₹132," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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