Vedanta board approves a massive 1100% interim dividend for FY2425

Vedanta, a Mumbai-headquartered mining company, recently reported its financial results for the fourth quarter of the fiscal year 2024. The company experienced a 27.21% year-on-year fall in its consolidated profit after tax (PAT) at Rs 1,369 crore, highlighting a challenging quarter for the metal giant. However, Vedanta's board made a significant decision by approving a massive interim dividend for the financial year 2024-25.

Approval of 1100% Interim Dividend

The board of Vedanta has approved a staggering 1100% interim dividend for the financial year 2024-25. This translates to a dividend of Rs 11 per equity share on the face value of Rs 1 per equity share, amounting to nearly Rs 4,089 crore. This substantial dividend payout demonstrates the company's commitment to rewarding its shareholders amidst a tough economic environment.

Record Date and Payment Schedule

The record date for the dividend has been set as May 25, 2024. This means that shareholders who are on the company's records as of May 25 will be eligible to receive the interim dividend. Vedanta has assured that the interim dividend will be paid within the stipulated timelines as prescribed by the law, ensuring timely disbursement to the deserving shareholders.

Vedanta's Q4 Financial Performance

In its Q4 results, Vedanta witnessed a decline in its consolidated PAT, which stood at Rs 1,369 crore, down 27.21% from the previous year. The revenue from operations also decreased by 6.1% year-on-year, amounting to Rs 34,937 crore. Despite these challenges, Vedanta remains a significant player in the natural resources sector, with operations spanning across various countries and commodities.

Vedanta Stock Performance

Vedanta's stock has shown impressive performance, rewarding investors with substantial returns. Over the past 12 months, the company's shares have provided a return of over 55%. In the year-to-date period, the stock has surged by almost 70%, showcasing strong investor confidence in Vedanta's growth prospects. Additionally, in the last six months, Vedanta's shares have delivered returns of over 80%, outperforming many other peers in the market.

As Vedanta continues to navigate through the challenging economic landscape, the approval of a significant interim dividend reflects the company's strong financial position and commitment to delivering value to its shareholders. With a diversified portfolio of assets and a global presence, Vedanta remains poised for sustainable growth in the natural resources space. Investors can look forward to continued performance and value creation from this leading mining company.

In conclusion, Vedanta's recent announcement of a substantial interim dividend for the financial year 2024-25 reinforces its position as a shareholder-friendly company with a solid financial foundation. With a focus on delivering value to its investors and a track record of performance, Vedanta remains a key player in the global natural resources sector.