1250% Dividend Approved: Board Of Multibagger Diversified Sector Stock Declares

Board of Vedanta Ltd has today approved fourth interim dividend and declared Q3 results as well. The stock tanked 1.96% intraday on January 27, 2023 to 319.85 apiece. The stock rallied 114% in last 3-years. The company has a market capitalisation of Rs 1,18,894.53 crore. Check details below:

1. Vedanta Ltd Q3 Result

The company reported a decline of 42% year-on-year (YoY) in its net profit to Rs 3092 crore for the quarter ended December 31, 2022. Earlier, Vedanta declared a net profit of Rs 5354 crore in the same quarter of an year ago period.

Its operating revenue has been reported at Rs 33,691 crore for the quarter ended December 2022 as against Rs 33,697 crore declared in the quarter ended December 2021.

The company reported an EBITDA (Earnings before interest, taxes, depreciation, and amortization) at Rs 7199 crore with EBITDA margin at 24%. Its consolidated profit after tax soared 15% QoQ to Rs 3092 crore.

2. Vedanta Ltd Declares 1250% Interim Dividend

According to the regulatory filing of the company, "The Board of Directors of the Company has approved the Fourth Interim Dividend of ₹ 12.50 per equity share i.e. 1250% on face value of Re. 1/‐ per share for the financial year 2022‐23 amounting to c. ₹ 4,647 Crores."

The company has earlier informed the record date that is February 4, 2023. The interim dividend will be paid within the stipulated timelines as prescribed under law.

3. Vedanta Ltd Stock Performance & Return

The last trading price of the stock is Rs 319.85 apiece with an intraday decline of 1.96%. The stock's 52-week high is Rs 440.75 apiece and 52-week low is Rs 206.10 apiece, respectively.

The company has a market capitalisation of Rs 1,18,894.53 crore. The stock soared 11% in last 3-months, 31% in last 6-months, declined a little over 2% in last 1-year, and again gave a return of 114% in last 3-years.

4. About Vedanta Ltd

Vedanta Ltd is a leading natural resource company. It is engaged in the exploration, extraction, and processing of minerals, oil, and gas properties.

Vedanta operates through various segments that may include copper, aluminum, iron ore, power, and oil and gas. Its copper segment focuses in custom smelting and also include a copper smelter, a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant, and three captive power plants, among others.

 

Disclaimer

The stock gives details about interim dividend and Q3 results. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.