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HomeNewsBusinessEarningsVedanta Q4 PAT may dip 24.2% YoY to Rs. 2,250.8 cr: ICICI Direct
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Vedanta Q4 PAT may dip 24.2% YoY to Rs. 2,250.8 cr: ICICI Direct

Net Sales are expected to increase by 10.2 percent Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 24,818.5 crore, according to ICICI Direct.

Moneycontrol News
April 17, 2018 / 13:02 IST
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A bird flies by the Vedanta office building in Mumbai August 16, 2010. India-focused miner Vedanta Resources said it will buy 51-60 percent of Cairn India for about $8.5-9.6 billion in cash to be funded via debt and cash resources, a move that would represent Vedanta's first foray into oil and gas, and help Edinburgh-based Cairn Energy fund an expensive drilling programme in Greenland. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS ENERGY) - RTXSAAV

ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Vedanta to report net profit at Rs. 2,250.8 crore down 24.2% year-on-year (up 3.6% quarter-on-quarter).

Net Sales are expected to increase by 10.2 percent Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 24,818.5 crore, according to ICICI Direct.

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Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.1 percent Q-o-Q (up 3.1 percent Y-o-Y) to Rs. 6.974.6 crore.

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