Vedanta trades nearly flat after Q1 results; cos PAT climbed 54% on year
Vedanta trades nearly flat after Q1 results; cos PAT climbed 54% on year
Shares of the diversified metals company Vedanta rose in the mid-day trade after the company's Q1 profit soared 54 per cent on-year. At around 3:20 pm, shares of Anil-Agarwal led company traded 0.11 per cent higher at Rs 414.10 per share.
For the reporting quarter, the company's PAT climbed 54 per cent on-year to Rs 5,095 crore, up 124 per cent sequentially and 54 per cent on-year. The company's consolidated revenue increased 6 per cent on-year to Rs 35,239 crore. Consolidated EBITDA also logged healthy 47 per cent on-year growth of 47 per cent. The EBITDA margin has come in at industry-best levels at 34 per cent, up around 1000 bps on-year. Furthermore, the company's net debt to EBITDA improved to industry best at 1.5x from 1.9x in the corresponding period last year.
The RoCE has been at strong 25 per cent, logging 181 bps sequential growth and 763 bps on-year gains. Liquidity conditions at the company also saw an improvement during the review period and
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