Highlights
- Vedanta to consider third interim Dividend on March 23.
- Shares of Vedanta Limited closed at Rs 679.00 on the NSE on Wednesday, March 18, down 2.91%.
- In Q3, the company’s net profit surged by 60.1 per cent year-on-year, rising from Rs 3,547 crore to Rs 5,710 crore.
Vedanta Dividend Update: One of the world’s leading producers of metals, oil and gas, and a power company, has informed that its Board of Directors will meet on Monday, March 23, to consider declaring a third interim dividend for the financial year 2025-26.
In a regulatory filing under listing regulations, the company stated that key financial matters will be deliberated upon during the upcoming Board meeting, including the potential declaration of an interim dividend on equity shares.
“Pursuant to Regulation 29 of the Listing Regulations, notice is hereby given that the meeting of the Board of Directors is proposed to be scheduled on Monday, March 23, 2026, to consider and approve the Third Interim Dividend on equity shares, if any, for the Financial Year 2025-26,” the filing said.
In Q3, the company’s net profit surged by 60.1 per cent year-on-year, rising from Rs 3,547 crore to Rs 5,710 crore. During this period, revenue stood at Rs 45,899 crore, marking a 19 per cent increase over the Rs 38,526 crore recorded a year earlier.
For this quarter, Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) grew by 37 per cent on a year-on-year basis, rising from Rs 5,013 crore to Rs 6,866 crore, while the margin stood at 29.4 per cent. Additionally, other income for the quarter increased from Rs 339 crore last year to Rs 492 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
