Vedanta all set to report Q3 results today. All eyes on dividend payout announcement

Vedanta is all set to report its financial results for the October-December period on Friday, January 27. All eyes will be on any announcement on a dividend payout. Vedanta is among the country's highest dividend paying companies.  

According to Zee Business research, the mining major is estimated to report a net profit of Rs 1,469 crore for the quarter ended December 2022, which would translate to a fall of 64.7 per cent compared with the corresponding period a year ago. 

Falling prices across segments are likely to affect the company's profitability in the three-month period, with revenue estimated to decline by Rs 557 crore or 1.6 per cent on a year-on-year basis to Rs 33,540 crore, according to Zee Business research. 

The company's margin — a key measure of a business's profitability — for the October-December 2022 period is expected to reduce to 20 per cent, from 31.5 per cent a year ago. 

Its operating profit in the aluminium segment is estimated to fall 73 per cent on a year-on-year basis, according to Zee Business research. 

Vedanta's earnings before interest, taxes, depreciation and ammortisation (EBITDA) are pegged at Rs 6,800 crore, down 36.7 per cent compared with the year-ago period. 

The company's board will consider an interim dividend on January 27. If approved, this would be a fourth interim dividend payout of the financial year ending March 2023.

Vedanta shares rewarded investors with a return of more than 14 per cent in the quarter ended December 2022, a period in which the Sensex index rose 5.9 per cent. 

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