Sunday, December 4th, 2022 15:21:45

Vedanta’s Profit Jumps

Updated: August 14, 2015 5:10 am

Vedanta Limited consolidated net sales is Rs 16,952 crore in the june quarter, which has interest in oil and gas, iron ore, zinc, copper, power and aluminium. Financial highlights of the company are EBITDA at Rs. 4,039 crore is flat sequentially; EBITDA margin1 at 31 per cent, improvement sequentially from 28 per cent, attributable PAT at Rs. 866 crore, 76 per cent higher sequentially (quarter on quarter, strong balance sheet with Cash & Cash Equivalents of over Rs.47,000 crore.

Chief Executive Tom Albanese said Vedanta have broken ground at the Gamsberg Zinc project in South Africa and remain on track to re-start iron ore production at Goa following the monsoons. Our diversified business model supported by strong operating strengths and structurally low cost assets will enable robust long term returns to stakeholders.

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