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Vedanta Limited has announced a great gift for its shareholders. The Board of Vedanta Limited has approved an interim dividend of 1250 per cent (Rs 12.50 per share) per share. This is the company’s fourth interim dividend for fiscal year 2022-23. Vedanta has set Saturday 4 February 2023 as the record date for the interim dividend. Shares of the company closed at Rs 319.85 on Friday.
Vedanta has a profit of Rs 3092 crore
Vedanta Limited posted a net profit of Rs 30.92 crore for the quarter December 2022 of the current financial year. Vedanta’s net income fell 42% year-on-year. Vedanta Limited had posted a net profit of Rs 5,354 crore for the corresponding quarter of the previous financial year. Vedanta consolidated sales decreased by 0.017 percent in the October-December 2022 quarter. The company’s operating revenue for the December quarter of 2022 was Rs.33,691 crore. This was Rs 33,697 crore in the same period a year ago.
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The company’s EBITDA stood at Rs 7100 crore.
Vedanta Limited’s EBITDA for the quarter October-December 2022 was Rs 7100 crore. While the company’s EBITDA margin was 24%. Vedanta Limited has already paid an interim dividend three times in the current financial year. The company had paid a dividend of Rs.31.50 in May 2022. On the other hand, Vedanta had paid an interim dividend of Rs 19.50 in July 2022. The company paid an interim dividend of Rs.17.50 per share in November 2022.
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Disclaimer: The information provided here relates to stock performance only and does not constitute investment advice. Investing in the stock market involves risk and you should consult your adviser before investing.
