Tomorrow, Vedanta will discuss the fourth interim dividend.

• saketchoudhary1995@gmail.com
• December 15, 2024

On Monday, December 16, Vedanta, led by billionaire Anil Agarwal, is expected to examine and declare its fourth interim dividend for FY2024–2025. In a filing with the exchange, the mining company noted, “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.” If a fourth interim dividend is issued, Vedanta has set December 24 as the record date. Due to unanticipated circumstances, the aforementioned board meeting that was originally planned for October was cancelled. After paying out Rs 11 and Rs 4 per share in the past, the business announced its third interim dividend in September, which was Rs 20 per share. This brings the total interim dividend for FY2025 to Rs 35 per share. Trendlyne data shows that Vedanta has declared 45 dividends since July 23, 2001. In its exchange statement, Vedanta stated that the trading window for the company’s equities will be closed from Thursday, December 12, to Wednesday, December 18. Vedanta shares have gained 102% so far this year, almost doubling in value.Vedanta recorded a Rs 5,603 crore profit in Q2 FY25 compared to a Rs 915 crore loss in the same quarter the previous year. In contrast, operating revenue fell 4% year over year to Rs 37,171 crore in the quarter that concluded in September 2024. A year ago, that amount was Rs 38,546 crore. During the July–September period, the company’s EBITDA was Rs 9,828 crore, and its margins were 26.1%.