Vedanta Board to Discuss Fourth Interim Dividend for FY2025 Today
Vedanta Limited, one of the well-known mining giants headed by Anil Agarwal, will hold a board meeting to discuss the fourth interim dividend for 2024-25. This meeting, important for shareholders, will determine the future of the company’s corporate profit distribution after providing two previous interim dividends of ₹35 per share.
Dividend History and Record Date Announcement
The company has provided three interim dividends for FY2025 at ₹ 11, ₹ 4, and ₹ 20 per share, respectively. Additionally, Vedanta has declared and paid ₹35 per share in dividends this financial year. A proposed fourth interim dividend has also been set at $0.125 per share, with a record date of December 24, 2024, to ensure that the applicants will benefit.
Vedanta’s policies have historically been chasing an aggressive dividend policy. For FY2024, it paid ₹29.5 per share; in FY2023, this was the highest paid out, ₹101.5 per share. According to Trendlyne, Vedanta has paid 45 dividends since July 2001, which proves its concern for shareholder wealth.
Stock Performance and Recent Gains
The stock of Vedanta rose 1.2% today, touching a high of ₹527 on BSE, the highest in the last year, perhaps due to the board meeting hope. The stock has shown good performance this year, with an increase in its value by 102% in the year to date. This performance makes Vedanta the stock with the best calendar year since it has been on the rise since 2021 when it had a 110% rise.
As regulatory requirements require, the trading window for Vedanta securities has been shut since December 12 and will remain so until December 18.
Vedanta also reported good financial performance during the second quarter of FY2025. Total operation profit was ₹ 5,603 crores, which must be seen in conjunction with ₹ 915 crores of loss recorded in the same period last year. However, revenue from operations declined by 4% YoY to ₹37 171 crore from ₹38 546 crore in the preceding year.
The EBIDTA for the company for the quarter was ₹9,828 crore with a margin of 26.1% indicating better operational strategy in a volatile market. They reaffirm Vedanta’s competitiveness and its capacity to weather difficult situations and retain its margins.
