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In an exchange filing, the mining major stated, “The meeting of the Board of Directors of the Company is proposed to be scheduled on Monday, December 16, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25.”
Vedanta has fixed December 24 as the record date for the fourth interim dividend, if declared.
The said board meeting was scheduled to be held in October earlier but was cancelled due to unforeseen circumstances.
Also Read: Fed meeting among top 5 factors that can sway Sensex, Nifty this weekIn September, the company declared its third interim dividend of Rs 20 per share, following earlier payouts of Rs 11 and Rs 4 per share, bringing the total interim dividend for FY2025 to Rs 35 per share. Since July 23, 2001, Vedanta has declared 45 dividends, according to Trendlyne data.Vedanta said in its exchange filing that the trading window for dealing in securities of the company shall remain closed from Thursday, December 12, till Wednesday, December 18.Also Read: XRP surges 370% post-Trump victory: What’s driving the rise?
Vedanta shares have nearly doubled in value so far with gains of 102% year-to-date.
In Q2 FY25, Vedanta reported a profit of Rs 5,603 crore as against as loss of Rs 915 crore in the same quarter of last year. Revenue from operations, meanwhile, declined 4% year-on-year to Rs 37,171 crore in the quarter ended September 2024. The same stood at Rs 38,546 crore a year ago.
The company reported an EBITDA of Rs 9,828 crore in the July-September period, while margins came in at 26.1%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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