Vedanta informed that its board of directors has approved second interim dividend of Rs 20 per equity share for the financial year 2024-25, amounting to Rs 7,821 crore.
The record date for the purpose of payment of dividend is Tuesday, 10 September 2024. At yesterday's closing price of Rs 468.25, the said dividend translates to a dividend yield of 4.27%.
Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.
The diversified metal company reported 54.02% increase in net profit to Rs 5,095 crore in Q1 FY25 as against Rs 3,308 crore in Q1 FY24. Revenue from operations grew by 5.68% YoY to Rs 35,239 crore in Q1 FY25.
The scrip declined 1.06% to end at 463.30 on Monday, 2 September 2024.
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