BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Vedanta Ltd.’s consolidated net sales stood at Rs 366 billion (YoY/QoQ: up 21%/down 5%), 6% ahead of our estimates of Rs 345 billion.
The improved sales was driven by higher sales volume, strategic hedging gains, and foreign exchange gains, which was partially offset by lower commodity prices.
Vedanta’s consolidated Ebitda at Rs 77 billion (YoY/QoQ: down 26%/ down 24%) is marginally lower than our estimates of Rs 80 billion. The miss in Ebitda is mainly attributed to Ebitda miss in the aluminum business.
The zinc India business Ebitda at Rs 44 billion was in line with our estimates of Rs 42 billion. However, the other major segment viz., oil and gas business beat our estimate of Rs 19 billion by 8% with an Ebitda of Rs 20 billion.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.