Vedanta's Consolidated Net Profit Falls in Fiscal Q1; EPS Misses Estimates

MT Newswires Live
Jul 31

Vedanta's (NSE:VEDL, BOM:500295) consolidated attributable net profit dropped to 31.9 billion Indian rupees in the fiscal first quarter ended June 30, against 36.1 billion rupees a year ago.

Earnings per share slid to 8.09 rupees from 9.64 rupees a year earlier, according to a Thursday filing to the stock exchanges by the mining and exploration company.

Analysts polled by Visible Alpha expected an EPS of 9.04 rupees.

Total revenue from operations in fiscal Q1 increased to 378.2 billion rupees from 357.6 billion rupees a year earlier. Analysts polled by Visible Alpha expected 366.3 billion rupees.

Shares of the company fell over 2% in after-market hours.

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