AgenciesNEW DELHI: Mining major Vedanta on Thursday said its consolidated net profit for the quarter ended March stood at Rs 5,799 crore, down 9.84 per cent from Rs 6,432 crore in the same quarter last year.
The revenue from operations climbed to Rs 39,342, jumping 41.14 per cent from Rs 27,874 crore in the year ago quarter.
The company’s board of directors also approved first interim dividend of Rs 31.5 per equity share for the financial year 2022-23 amounting to Rs 11,710 crore.
The company reported highest ever quarterly Ebitda of Rs 13,768 crore, up 51 per cent year-on-year. Net debt during the at quarter Rs 20,979 crore, declined by Rs 6,590 crore since 31st Dec 2021.
“Vedanta has consistent track record of rewarding its shareholders with strong dividend payout. Last year we paid Rs 45 per share amounting to Rs 16,728 crore which translates into 14 per cent dividend yield one of the highest among peers in FY22 and had record total shareholder’s return. This (interim dividend announced today) is line with our robust performance on profitability and cash flows. This will also help the Vedanta group in deleveraging, in line with latest capital allocation policy,” said the company.
More to come...
The revenue from operations climbed to Rs 39,342, jumping 41.14 per cent from Rs 27,874 crore in the year ago quarter.
The company’s board of directors also approved first interim dividend of Rs 31.5 per equity share for the financial year 2022-23 amounting to Rs 11,710 crore.
The company reported highest ever quarterly Ebitda of Rs 13,768 crore, up 51 per cent year-on-year. Net debt during the at quarter Rs 20,979 crore, declined by Rs 6,590 crore since 31st Dec 2021.
“Vedanta has consistent track record of rewarding its shareholders with strong dividend payout. Last year we paid Rs 45 per share amounting to Rs 16,728 crore which translates into 14 per cent dividend yield one of the highest among peers in FY22 and had record total shareholder’s return. This (interim dividend announced today) is line with our robust performance on profitability and cash flows. This will also help the Vedanta group in deleveraging, in line with latest capital allocation policy,” said the company.
More to come...
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