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HomeNewsBusinessStocksVedanta Q2 PAT seen up 11.4% YoY to Rs. 1394.4 cr: Edelweiss
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Vedanta Q2 PAT seen up 11.4% YoY to Rs. 1394.4 cr: Edelweiss

Net Sales are expected to increase by 35.7 percent Y-o-Y (up 17.7 percent Q-o-Q) to Rs. 22772.2 crore, according to Edelweiss.

October 12, 2017 / 18:55 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

Edelweiss has come out with its second quarter (July-September) earnings estimates for the Metals and Mining sector. The brokerage house expects Vedanta to report net profit at Rs. 1394.4 crore up 11.4% year-on-year (down 8.6% quarter-on-quarter).

Net Sales are expected to increase by 35.7 percent Y-o-Y (up 17.7 percent Q-o-Q) to Rs. 22772.2 crore, according to Edelweiss.

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Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 7.2 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 4998.7 crore.

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