InvestorQ : How did Vedanta manage such a huge jump in profits in the Sep-21 quarter?
Niti Shenoi made post

How did Vedanta manage such a huge jump in profits in the Sep-21 quarter?

Answer
image
ishika Banerjee answered.
2 months ago
Follow

Vedanta reported stellar numbers for the Sep-21 quarter on the back of robust commodity demand and higher prices on the LME. It reported a more than a more than 5-fold jump in net profits to Rs.4,644 crore as compared to just Rs.806 crore in the September 20 quarter. Total revenues of the company for the quarter was up 44% yoy at Rs.30,048 crore on the strength of buoyant prices of metals, minerals and crude oil and gas.

For the quarter, Vedanta reported a record level of earnings before interest depreciation taxes and amortization (EBITDA) at Rs.10,582 crore. This is nearly 62% higher on a yoy basis and largely on the back of improved commodity prices and higher aluminium volumes in the quarter.

0 Views