• Source:JND
Add as a preferred

Hindustan Zinc Dividend:  Vedanta Group firm Hindustan Zinc Ltd. announced on Tuesday that its board has authorized a second interim dividend of Rs. 19 per share for the current financial year, totaling Rs. 8,028.11 crore. The board authorized the dividend at a meeting on Tuesday.

Earlier, PTI had reported that HZL plans to distribute a special dividend of Rs. 8,000 crore to shareholders in FY25. For FY24, HZL paid a total dividend of Rs. 5,493 crore, with the government receiving Rs. 1,622 crore for its 29.5% stake in the company.

Also Read: 7th Pay Commission: Central Government Employees Likely To Get 3% Hike DA This month; Check Details

"The board...has considered and approved the second interim dividend of Rs 19 per equity share i.e. 950 percent on face value of Rs 2 per equity share for the financial year 2024-25 amounting to Rs 8,028.11 crore," Hindustan Zinc Ltd (HZL) said in a filing to BSE.

In FY23, the company distributed a record dividend of around Rs. 32,000 crore, with the government receiving a substantial Rs. 9,500 crore.

Due to EBITDA growth, HZL reported a 19.3 percent rise in its consolidated net profit for the June quarter of FY25 to Rs. 2,345 crore. The company posted a net profit of Rs. 1,964 crore in the year-ago period. Revenue climbed to Rs. 8,398 crore from Rs. 7,564 crore in the year-ago period.

Hindustan Zinc Limited is the world's second-largest integrated zinc producer and the third-largest silver producer. The company supplies to over 40 countries and has around 75 percent market share of the primary zinc market in India.

(With PTI's Input)

Also Read: Unicommerce eSolutions Shares Surge 16% In Today's Trade; Stock Hits 52-Week High