NEW DELHI: Vedanta Ltd on Tuesday reported a consolidated net profit of Rs 1,533 crore, up 2.2 per cent towards Rs 1,501 crore reported in the similar duration last year.
Analysts, on average, had expected a net profit of Rs 2156 crore, in keeping with Thomson Reuters I/B/E/S.
The corporate's income from operations stood at Rs 22,206 crore in Q1, an increase of 14.eight per cent from Rs 19,342 crore reported last year.
Commenting on the corporate's earnings, Kuldip Kaura, leader government officer mentioned: “We delivered strong EBITDA and stable margins this quarter driven through record volumes in aluminium, higher manufacturing in oil and fuel, in addition to, supportive commodity prices. We are fascinated about the expansion across our portfolio of Zinc, Aluminium and Oil & Gas. The initiatives are advancing neatly to fulfill key milestones and we're confident of the revolutionary quantity uplift within the coming quarters.”
As on June 30, gross debt of the company stood at Rs 65,161 crore and net debt reported got here at Rs 29,910 crore.
Shares of Vedanta ended 1.11 per cent decrease on BSE index and closed zero.96 per cent down on NSE. The quarterly effects were introduced after the marketplace hours.
(With inputs from Reuters)
Analysts, on average, had expected a net profit of Rs 2156 crore, in keeping with Thomson Reuters I/B/E/S.
The corporate's income from operations stood at Rs 22,206 crore in Q1, an increase of 14.eight per cent from Rs 19,342 crore reported last year.
Commenting on the corporate's earnings, Kuldip Kaura, leader government officer mentioned: “We delivered strong EBITDA and stable margins this quarter driven through record volumes in aluminium, higher manufacturing in oil and fuel, in addition to, supportive commodity prices. We are fascinated about the expansion across our portfolio of Zinc, Aluminium and Oil & Gas. The initiatives are advancing neatly to fulfill key milestones and we're confident of the revolutionary quantity uplift within the coming quarters.”
As on June 30, gross debt of the company stood at Rs 65,161 crore and net debt reported got here at Rs 29,910 crore.
Shares of Vedanta ended 1.11 per cent decrease on BSE index and closed zero.96 per cent down on NSE. The quarterly effects were introduced after the marketplace hours.
(With inputs from Reuters)
Vedanta net profit up 2.1% in June quarter
![Vedanta net profit up 2.1% in June quarter]()
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August 01, 2018
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