Among segments, Motilal Oswal expects Vedanta’s operating profit to rise 16% QoQ to Rs 710 crore on the back of higher LME and volumes
Vedanta is likely to report a consolidated profit of Rs 2,577.1 crore in Q4 FY18, a rise of 25 percent from Rs 2,053 crore posted during the previous quarter. According to a Reuters analyst poll, the metals major is likely to report revenues of Rs 24,815.2 crore as against Rs 24,361 crore quarter-on-quarter, a marginal rise of two percent.
Profit during this quarter may be lower due to an impairment loss of Rs 1,800 crore after the Supreme Court ordered closure of its Goa iron-ore mining operations. During the corresponding quarter of last year, the firm had reported a profit of Rs 2,971 crore, while its revenue was Rs 22,371 crore.
Among segments, Motilal Oswal expects operating profit to rise 16 percent quarter-on-quarter to Rs 710 crore on the back of higher LME (London Metal Exchange) volumes. This may be partly offset by higher costs.
Operating profit of its zinc business is expected to rise five percent to Rs 3,410 crore due to higher zinc and silver volumes.
- Progress on ramp-up of 1.25 mtpa smelter
- Movement in base metal pricesThe company had reported a consolidated profit of Rs 2,053 crore for the quarter-ended December against Rs 2,133 crore in the same quarter last year. A one-time loss of Rs 158 crore could have impacted the result. Consolidated revenue had risen 26 percent YoY at Rs 24,361 crore.