Quote on Vedanta Ltd -1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Vedanta -1QFY22 Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd
For 1QFY22, Vedanta Ltd (VL)’s consolidated top-line reported growth of ~78% yoy to Rs28,412cr primarily due to improved commodity prices and higher volumes across businesses. On the EBITDA front, the company has reported Rs10,032cr and VL had a robust EBITDA margin of 41% during the quarter compared to 28% in 1QFY21. EBITDA margin increased primarily due to improved commodity prices. This was partially offset by higher COP due to input commodity inflation. On the consolidated bottom-line front, PAT grew by ~247% to Rs5,282cr. Overall 1Q results were in line with expectation.We are positive on stock.
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