Vedanta announces first interim dividend of 5 rupees per share following asset split
Read more
Business Standard
business-standard.com

Vedanta announces first interim dividend of 5 rupees per share following asset split

Vedanta Ltd announced on Thursday the payment of an interim dividend of 5 rupees per share for the current fiscal year, amounting to approximately 1955 crore rupees. This dividend is the first since the company's asset split.

As stated in the documentation, the company emphasizes its commitment to delivering shareholder value as it enters a new phase as a more focused and diversified natural resources company.

The company's report stated: 'The Board of Directors of Vedanta Limited approved today, i.e., October 8, 2026, the first interim dividend for 2026-27 of 5 rupees per share with a face value of 1 rupee per share for the financial year 2026-27, totaling 1955 crore rupees.'

The dividend payment followed strong operational results in the second quarter of the fiscal year 2027. Vedanta demonstrated steady growth across all segments of its business, achieving record production figures for both the quarter and the half-year in key areas such as zinc, ferroalloys, ports, and aluminum.

This high level of performance reflects the positive impact of capacity expansion, improved operational efficiency, and investments made in the company's portfolio. Strong operational results create a solid foundation for Vedanta's growth and cash generation ambitions, while dividends strengthen its ability to balance development investments with returning capital to shareholders.

Additionally, the documentation noted that the ex-dividend date was set for October 14, 2026, and the funds will be disbursed according to legal timelines.

Previously, in 2025-26, Vedanta distributed 34 rupees per share through three interim dividends, whereas in 2024-25, the dividend was 43.50 rupees per share. The company demonstrates a consistently high level of dividend distribution over many years.

The mining conglomerate Vedanta Ltd reported a 71.8 percent increase in consolidated net profit, reaching 5473 crore rupees for the quarter ending June 2026. This growth was attributed to higher sales amid rising global metal prices and the weakening rupee. In the same period last year, the consolidated net profit of the company, led by Anil Agarwal, was 3185 crore rupees.

Revenue from operations in the first quarter of fiscal year 2027 increased by 53.6 percent, reaching 24205 crore rupees compared to 15754 crore rupees the previous year. Expenses for the reporting quarter rose to 17558 crore rupees from 13203 crore rupees recorded in the prior year.

Vedanta Limited is a leading global producer of critical metals, minerals, and technologies. Four separated structures of the Vedanta group—Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron And Steel—debuted on the stock market in June.

Popular