Vedanta posts mixed set of numbers in Q3FY18

Vedanta posts mixed set of numbers in Q3FY18

Nidhi Jani
/ Categories: Trending

Vedanta Limited reported its results for the quarter ended December 31, 2017 on Wednesday. The company's consolidated revenue for the quarter came in at Rs. 2,4361 crore, registering 19.5 per cent yoy increase. This was on account of ramp-up at Aluminium business, higher volumes at Zinc International, record plant availability at TSPL and higher commodity prices, partially offset by currency appreciation and lower sales at Iron Ore and Copper India.

EBITDA for the quarter rose by 15.3 per cent yoy to Rs. 6,763 crore on account of higher commodity prices, rampup at Aluminium business, record plant availability at TSPL and higher volumes at Zinc International. This was partially offset by higher costs due to input commodity inflation, currency appreciation, one-off costs on account of power import and pot outage earlier in the year at Aluminium business, and lower sales at Iron ore and Copper India. Its EBITDA margins have seen contraction of 101 bps and EBITDA margin for the quarter stood at 27.8 per cent.

The PAT for the quarter came in at Rs. 2,959 crore, yoy decline of 8.6 per cent. This was led by jump in effective tax rate from 14.5 per cent to 31.5 per cent.

On Wednesday, the stock opened at Rs. 341 per share and touched an intra-day high and low of Rs. 346.40 and Rs. 335.60, respectively, on the BSE.

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