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Good afternoon ladies and gentlemen, I am delighted to welcome you all to the 2017 Annual General Meeting of the Company.
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Weak demand for power and poor offtake showed up in Vedanta's power sales in the April-June quarter. Power sales by Vedanta Ltd during this period stood at 1,838 million units, lower by 39 per cent year-on-year, as the company's Talwandi Sabo plant remained out of operations for most part of the quarter due to a fire incident in April. Vedanta had sold 3,010 million units in the corresponding period of previous fiscal.
Indian shares were trading lower on Wednesday after hitting fresh highs earlier in the session as investors booked profits in stocks such as Hindalco Industries Ltd (HALC.NS) amid caution ahead of the central bank's policy meet later in the day.
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The NSE Nifty edged up on Wednesday, hovering near the 10,000-point mark it breached for the first time in the previous session, with stocks such as Vedanta Ltd (VDAN.NS) gaining on solid quarterly results.
Ladies and gentlemen, good day and welcome to Vedanta Limited Q1 FY 2018 Results Conference Call. As a reminder, all participant lines will be in the listen only mode. And there will an opportunity for you to ask questions after the presentation concludes. [Operator Instructions]. Please note that this conference is being recorded.
Vedanta continues to execute on growth - Q1 PAT more than doubles y-o-y to Rs 1,525 crore - Q1 EBITDA up 40% y-o-y to Rs 4,965 crore
Vedanta’s consolidated profit after tax doubled to Rs1,525 crore for the first quarter through June, driven by strong show in zinc and oil and gas businesses
Vedanta Ltd, the Indian unit of diversified energy group Vedanta Resources PLC, reported a doubling of quarterly consolidated profit on Tuesday, as higher zinc prices helped the company to reap improved margins.
Vedanta Resources plc's subsidiary Vedanta Limited today announced results for the first quarter ended 30 June 2017.
Vedanta Ltd, the Indian unit of diversified energy group Vedanta Resources PLC, reported a 102 per cent jump in quarterly consolidated profit, driven by better margins across most of the metals the company mines.