Vedanta: Vedanta’s guidance on future dividend payouts, remarks on demerger status, and updates on volumes and CoP across verticals will be closely monitored.
Vedanta Ltd is projected to post a 200-240 percent increase in earnings for the June quarter on up to 15% growth in sales. The management report on the parent’s debt status is critical. Vedanta’s guidance on future dividend payouts, remarks on demerger status, and updates on volumes and CoP across verticals will be closely monitored.
According to Kotak Institutional Equities, Vedanta’s adjusted profit will expand 242.50 percent year on year to Rs 2,945 crore, with sales increasing 14.6 percent year on year to Rs 38,673 crore. Ebitda is expected to rise by 56.9 percent to Rs 10,071 crore.
“We anticipate a 15% QoQ gain in Ebitda due to stronger commodity prices across main categories, particularly zinc, and aluminum. We expect aluminum Ebitda to climb by 46% QoQ (140% YoY), owing mostly to higher LME prices. The oil and gas division’s EBITDA may fall by 26% QoQ due to reduced volumes and higher costs. The Zinc India division’s EBITDA may improve by 9.7% QoQ due to increased zinc prices, somewhat offset by reduced volumes, according to the company.
Vedanta’s consolidated income is expected to increase by 11% year on year to Rs 37,470 crore, boosted by improved commodity realization and rupee depreciation.
“Ebitda is expected to rise by 64.9% year-on-year to ₹10,580 crore, driven by lower input commodity costs and revenue growth. Antique Stock Broking forecasts a significant QoQ increase in adjusted profit, projected to reach ₹3,000 crore, which represents a 249% year-on-year growth.”
MOFSL anticipates Vedanta to report a 202% YoY increase in net profit at Rs 2,600 on a 2.3 percent YoY increase in sales at Rs 34,495 crore.
“Vedanta is projected to experience a 16% QoQ increase in Ebitda, fueled by a 15% QoQ rise in zinc and aluminum prices. However, this gain may be partially offset by a 1-4% QoQ drop in volumes across oil and gas, zinc, and aluminum. Zinc International’s EBITDA is anticipated to surge 129% QoQ from a low base due to better prices and volumes. On the other hand, iron ore Ebitda is expected to decline due to reduced volumes after a temporary halt in mine operations in Karnataka in May,” Nuvama reported.
Date & Time for Vedanta Q1 Results 2024
Vedanta informed the stock exchanges that the Board of Directors of the Company will meet on Tuesday, August 6, 2024, to discuss the Company’s Unaudited Financial Results for the First Quarter ended June 30, 2024.
“Vedanta has announced that the Board of Directors will convene on Tuesday, August 06, 2024, to review, among other items, the unaudited financial results for the first quarter ending June 30, 2024,” according to a company filing.
Vedanta stock price
As of August 04, Vedanta’s stock was trading at Rs 434.05 a share on the BSE.
According to BSE statistics, Vedanta has a market capitalization of ₹1.69 lakh crore. The stock has a face value of ₹1 per share, with a 52-week range that spans from a high of ₹506.85 to a low of ₹207.85.
Vedanta demerger
Vedanta’s board had already declared that it would split into six businesses. The process has reached the point when the corporation must submit the scheme to the National Corporation Law Tribunal/NCLT.
Vedanta Ltd, Vedanta Aluminium, Vedanta Power, Vedanta Base Metals, Vedanta Steel and Ferrous Materials, and Vedanta Oil & Gas are the three listed corporations.
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