Vedanta Limited, one of the big names in the oil and gas and metals business, is expected to report a strong on-year growth of 30-45 percent in consolidated profit after tax (PAT) at Rs 4,600–4,750 crore, driven mainly by Zinc India and Aluminium businesses owing to higher LME (London Metals Exchange) prices and increase in production. Sequentially, the PAT may decline 1–8 percent.
The company will declare the results for the third quarter ended December 2021 on January 28.
Experts expect its consolidated revenues to climb up by 38-50 percent on year to Rs 31,300–33,800 crore. On a sequential basis, this works out to a growth of 3–11 percent.
It may be noted that the company had registered a PAT of Rs 3,299 crore in the corresponding quarter a year ago when its consolidated revenues stood at Rs 22,735 crore.