Vedanta Approves Fourth Interim Dividend for FY25
Vedanta, a mining company owned by billionaire Anil Agarwal, has announced the approval of the fourth interim dividend for the financial year 2024-25. The dividend amount is Rs 8.5 per equity share, totaling Rs 3,324 crore ($392 million).
Dividend Timeline
The record date for the dividend payment is set for December 24, 2024. The dividend will be paid within the stipulated timeline, according to Vedanta.
Here is the dividend timeline for FY25:
| Ex-Date | Dividend (Rs/share) |
|---|---|
| 24 Dec 2024 | 8.5 |
| 10 Sep 2024 | 20 |
| 2 Aug 2024 | 42 |
| 24 May 2024 | 11 |
Financial Updates
Vedanta Limited reported a net profit of Rs 4,352 crore for the quarter ended September, with a lower net debt of Rs 56,927 crore compared to the previous quarter. The company also raised Rs 8,500 crore through Qualified Institutions Placement (QIP) at Rs 440 a share.
Rating Upgrades
In October, Moody’s Ratings upgraded Vedanta Resources bond, citing the company’s successful funding access. S&P Global Ratings also upgraded Vedanta Limited in July, noting the company’s adequate internal funds to meet debt obligations by the end of 2025.