INSUBCONTINENT EXCLUSIVE:
Vedanta on Wednesday reported a 43 per cent drop in profit after tax (PAT) at Rs 1,135 crore for September quarter on lower interest income
Analysts in an ET NOW poll had estimated the profit figure at Rs 1,324 crore.
The company had posted Rs 1,990 crore profit in the
corresponding quarter last year.
The board of the company announced an interim dividend of Rs 17 per share for fiscal year 2019.
Net sales
aluminium business, higher availability at Talwandi Sabo Power, acquisition of Electrosteel, currency depreciation and higher commodity
prices.
The numbers though were partially offset by lower volumes at Zinc India, Zinc International and closure of the Tuticorin smelter
unit.
Ebitda for the quarter at Rs 5,342 crore was down 8 per cent due to higher input commodity inflation
filing.
Net debt of the company stood at Rs 26,357 crore as of September 30, down 12 per cent sequentially on cash generation from
in commodities that have rising demand, especially in India with an enviable growth pipeline, which is systematically being brought to
