Vedanta share price today: Nuvama said Vedanta may complete its expansion in aluminium and zinc within FY25, and, thus, generate additional cash flows.
Vedanta Ltd is set to release its earnings today, with focus on its ability to meet debt obligations. The mining conglomerate is expected to report consolidated revenue of Rs 33,676-35,477 crore and a net profit between Rs 974 crore and Rs 1,589 crore. Operating profit is projected to be in the range of Rs 6,667 crore to Rs 7,988 crore. Vedanta reduced its net debt by Rs 1,420 crore in the September quarter, but debt reduction remains a primary concern for the market.
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange.
Vedanta Q3 results: Phillip Capital expects Vedanta to report a 30 per cent YoY drop in net profit at Rs 1,097.40 crore compared with Rs 1,561 crore in the same quarter last year.