Vedanta Ltd reports consolidated net profit of Rs. 4224 crores in Q1FY22

Vedanta Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.29151 crores during the period ended June 30, 2021 as compared to Rs.29065 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.4224 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.6432 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.11.31 for the period ended June 30, 2021 as compared to Rs.17.25 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 29151 crs	₹ 29065 crs	0.3%
Net Profit	₹ 4224 crs	₹ 6432 crs	-34.33%
EPS	₹ 11.31	₹ 17.25	-34.43%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.29151 crores during the period ended June 30, 2021 as compared to Rs.16998 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.4224 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1033 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.11.31 for the period ended June 30, 2021 as compared to Rs.2.77 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 29151 crs	₹ 16998 crs	71.5%
Net Profit	₹ 4224 crs	₹ 1033 crs	308.91%
EPS	₹ 11.31	₹ 2.77	308.3%

Mr Sunil Duggal, Chief Executive Officer, Vedanta, said "We are happy to announce another strong quarter with continued momentum across all businesses. Our consolidated revenue was up 79% y-o-y at ₹ 28,105 crore and attributable profit after tax (before exceptional items) up 314% y-o-y at ₹ 4,280 crore. We delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption. Despite the uncertain market conditions, we have continued with our winning streak by reporting the highest ever quarterly EBITDA of ₹ 10,032 crore, up 150% y-o-y.

Our priority remains supporting our employees, partners, and communities to navigate through these tough times by providing every possible medical & other required assistance. We are focused on the key value drivers and lowering our carbon footprint, to unlock a sustainable future growth for the company and maximize value for stakeholders."

Shares of Vedanta Limited was last trading in BSE at Rs. 271.5 as compared to the previous close of Rs. 267.75. The total number of shares traded during the day was 374892 in over 3969 trades.

The stock hit an intraday high of Rs. 273.6 and intraday low of 267.45. The net turnover during the day was Rs. 101578344.

Source : Equity Bulls

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