Vedanta Dividend Record Date Today December 24, 2024

Vedanta’s interim dividend of ₹8.50 per share has its record date today, December 24, 2024. Shareholders registered by this date will be eligible to receive the dividend payout.

Details of the Dividend 

• Dividend Amount: ₹8.50 per share
• Record Date: December 24, 2024
• Eligibility: Shareholders holding Vedanta shares as of the record date will be eligible for the dividend payout.

2024 Dividend History

Vedanta has been proactive in distributing dividends to its shareholders in 2024. The most recent announcement was made on December 11, 2024, declaring an Interim Dividend of ₹8.50 per share. Prior to this, the company declared several interim dividends throughout the year.

• August 28, 2024: Interim Dividend of ₹20.00 per share.
• July 24, 2024: Interim Dividend of ₹4.00 per share.
• May 13, 2024: Interim Dividend of ₹11.00 per share.

Recent Business Development

On December 20, 2024, Vedanta Ltd revised its demerger proposal, deciding to retain its base metals business within the parent company. Originally, the company planned to demerge five major undertakings, including Vedanta Base Metals Ltd (VBML), to enhance operational efficiency and unlock value. However, after feedback from stakeholders, including lenders, Vedanta chose to exclude VBML from the demerger.

Q2 FY25 Financial Highlights

For the quarter ending September 30, 2024, Vedanta reported a net profit of ₹4,352 crore, compared to a loss of ₹1,783 crore in Q2 FY24. Revenue for the quarter stood at ₹37,171 crore, a 3.6% decline from ₹38,532 crore in Q2 FY24. EBITDA surged to ₹4,467 crore, up 230% from ₹1,352 crore in the same quarter last year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.