Vedanta : Q1FY18 Results

Vedanta reported its results for the quarter ended June 30, 2017 on Tuesday.

The company's total sales for Q1FY18 came in at Rs 19342 crore, which represents a 18.4 per cent sequential decline and 26.3 per cent YoY increase. This sequential decline was due to lower commodity prices, currency appreciation, lower volume at Zinc India and Copper India and lower availability at TSPL (Talwandi Sabo Power Limited) due to fire incident.

Its operating profit (EBIT) for the quarter amounted to Rs 3488 crore and its EBIT margin stood at 18 per cent.

The company reported PAT of Rs 2270 crore, which represents a sequential QoQ decline of 46.3 per cent but YoY increase of 67.2 per cent.

Vedanta Limited is a diversified natural resources company with businesses primarily involving production of oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has presence across India, South Africa, Namibia, Australia and Ireland.

The stock today opened at Rs 266.50, touched intra-day high of Rs 276 and closed at Rs 274.4 on the BSE.