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Vedanta Q1 Results will be announced soon, Know the Expected Profits here
Vedanta’s Q1 results are expected to show profit between ₹2,197 crore and ₹3,060 crore, with revenue between ₹35,440 crore and ₹38,674 crore. Some experts predict a big increase in profit, while others expect a decline due to lower production in certain areas.
by Ruksana
Updated Aug 06, 2024
Table of Content
Vedanta, a big metal and mining company, is about to announce its earnings for the first quarter of 2024. Experts are guessing that Vedanta will make between ₹2,197 crore and ₹3,060 crore in profit.
This is how much money the company will keep after all its expenses. They also think Vedanta’s sales will be between ₹35,440 crore and ₹38,674 crore.
Different experts have different guesses. Nuvama thinks Vedanta’s profit might go down by 30.8% compared to last year because of lower growth. On the other hand, Kotak and PhillipCapital believe Vedanta’s profit could go up by as much as 242% compared to last year.
Kotak expects the highest sales figure and thinks the company will earn more from zinc and aluminum, even though it faced some problems in its oil and gas business.
Nuvama also notes that Vedanta’s earnings before interest, taxes, depreciation, and amortization (EBITDA) will likely go up by 16% compared to the last quarter. This is due to higher prices for zinc and aluminum, but the company had to deal with lower volumes from its other products.
Vedanta Q1 Results
Vedanta’s results for the first quarter of 2024 show a mix of expected changes. Here’s a simple breakdown:
|
Aspect |
Estimate |
|
Net Profit |
₹2,197 - ₹3,060 crore |
|
Revenue |
₹35,440 - ₹38,674 crore |
|
Highest Profit Estimate |
₹3,060 crore |
|
Highest Revenue Estimate |
₹38,674 crore |
|
YoY Profit Growth |
Up to 242% (Kotak’s estimate) |
|
QoQ EBITDA Increase |
16% (Nuvama’s estimate) |
These results indicate that while some areas of Vedanta's business are improving, others may be struggling.
Vedanta Limited
Vedanta Limited is a big Indian mining company based in Mumbai. It was founded in 1979 by D.P. Agarwal, who started the company as Sterlite Industries. The company works in many areas like mining for zinc, iron ore, and aluminum, and also produces crude oil and electric power.
Vedanta is listed on stock exchanges in India under the symbols BSE: 500295 and NSE: VEDL. Its parent company is Vedanta Resources. The company has many important products including steel, nickel, cobalt, and copper. It also has a large number of employees, around 97,000.
Vedanta has several subsidiaries, including Bharat Aluminium Company, Hindustan Zinc, and Cairn India. It has grown by buying other companies and expanding its mining operations in different parts of India.