Vedanta released its Q1 earnings report, showing an 11.7% decline in net profit for the quarter ended June 2024. Despite this, the company reported revenue growth, reflecting a mixed performance amid challenging market conditions.
Net profit in the first quarter stood at ₹3,185 crore, down from ₹3,606 crore in the same quarter last year. Revenue grew 5.8% to ₹37,824 crore as against ₹35,764 crore in the same period last year. EBITDA remained stable at ₹9,918 crore while margins declined to 26.20% from 27.80% in the same quarter last year.
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Key Fundamentals
Vedanta has a market capitalization of ₹1,67,169 crore, and the current share price is ₹428. The annual price range of this stock is between ₹362 to ₹527. Key financial ratios include a P/E ratio of 12.1, ROCE of 25.3%, and an impressive ROE of 38.5%. The promoter stake is significant at 56.4%.
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