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Vedanta likely to report poor numbers in Q4, base metals outlook key

Monday, May 06, 2019

   The Anil Agarwal-led Vedanta is expected to report a set of poor March quarter numbers across key metrics, including sales, profit and margin. Investors will be keenly tracking the management commentary on the progress on Gamsberg mine and outlook for base metal prices, when the company announces its numbers on Tuesday.

  Edelweiss Securities is expecting the metals and mining firm to report a 35.2 per cent YoY (down 22 per cent QoQ) drop in profit at Rs 1,819 crore. It sees revenues falling 15.7 per cent YoY (down 1.6 per cent QoQ) to Rs 23,300 crore.
  Motilal Oswal Securities estimates reported profit at Rs 1,547 crore and expects adjusted profit after tax (PAT) at Rs 771.20 crore, down 66 per cent YoY.

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