InvestorQ : How do you see the quarterly results reported by Vedanta for the Dec-20 quarter?
Mahima Roy made post

How do you see the quarterly results reported by Vedanta for the Dec-20 quarter?

Answer
image
4 weeks ago
Follow

Vedanta Ltd benefited substantially from lower power costs in the Dec-20 quarter. Let us look at the top line first. Vedanta reported 6.44% growth in total revenues for Dec-20 quarter at Rs.22,735 crore. So, what drove revenues higher?

Vedanta witnessed 25% growth in zinc, lead, silver business on better output and on pricing. Copper, iron ore and aluminium revenues also registered growth in the quarter. However, the oil revenues represented by Cairn India were lower by 40% on low prices and weak demand.

Profit after tax for the Dec-20 quarter was up 59% at Rs.4,224 crore on the strength of lower power and fuel costs combined with a fall in depreciation and amortization charges in the books. PAT margins improved from 12.48% in Dec-19 to 18.58% in Dec-20.

0 Views