VEDANTA LTD Announces Quarterly Results (3QFY20); Net Profit Up 14.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

VEDANTA LTD Announces Quarterly Results (3QFY20); Net Profit Up 14.3%
Mon, 3 Feb

VEDANTA LTD has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

VEDANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m236,690219,580213,600-2.7%-9.8%
Other incomeRs m13,9808,5606,470-24.4%-53.7%
TurnoverRs m250,670228,140220,070-3.5%-12.2%
ExpensesRs m180,240175,350148,460-15.3%-17.6%
Gross profitRs m56,45040,01066,82067.0%18.4%
DepreciationRs m22,07023,95022,910-4.3%3.8%
InterestRs m13,58013,40012,320-8.1%-9.3%
Profit before taxRs m34,78011,22038,060239.2%9.4%
TaxRs m11,460-16,09011,410-0.4%
Profit after taxRs m23,32027,31026,650-2.4%14.3%
Gross profit margin%23.818.231.3
Effective tax rate%32.9-143.430.0
Net profit margin%9.312.012.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 9.8% on a year-on-year (YoY) basis. The expenses were down by 17.6% YoY during the same period.
  • The company's operating profit increased by 18.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.3% in 3QFY20 as against 23.8% in 3QFY19.
  • Depreciation charges increased by 3.8% and finance costs declined by 9.3% YoY, respectively.
  • Other income declined by 53.7% YoY during the quarter.
  • Net profit for the quarter increased by 14.3% YoY. Net profit margins during the quarter increased from 9.3% in 3QFY19 to 12.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.3% QoQ during the same period.
  • The company's operating profit increased by 67.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.3% in 3QFY20 as against 18.2% in 2QFY19.
  • Net profit for the quarter declined by 2.4% QoQ, while net profit margins increased from 12.0% in 2QFY19 to 12.1% in 3QFY20.

To see how VEDANTA LTD has performed over the last eight quarters,please visit here.

Get Details: We are Bullish on These 3 Little-known Stocks

VEDANTA LTD Share Price Performance

Over the last one year,VEDANTA LTD share price has moved down from Rs 162.3 to Rs 134.5, registering a Loss of Rs 27.9 or around 17.2%.

Overall, the S&P BSE SENSEX is up 9.5% over the year.

Current Valuations

At the current price of Rs 134.5, the price to earnings (P/E) ratio of VEDANTA LTD stands at 3.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "VEDANTA LTD Announces Quarterly Results (3QFY20); Net Profit Up 14.3%". Click here!

  

Related Views on News

VEDANTA Announces Quarterly Results (3QFY21); Net Profit Up 58.5% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, VEDANTA has posted a net profit of Rs 42 bn (up 58.5% YoY). Sales on the other hand came in at Rs 225 bn (up 5.3% YoY). Read on for a complete analysis of VEDANTA's quarterly results.

VEDANTA 2019-20 Annual Report Analysis (Annual Result Update)

Dec 11, 2020 | Updated on Dec 11, 2020

Here's an analysis of the annual report of VEDANTA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of VEDANTA. Also includes updates on the valuation of VEDANTA.

VEDANTA LTD Announces Quarterly Results (2QFY20); Net Profit Up 43.7% (Quarterly Result Update)

Nov 15, 2019 | Updated on Nov 15, 2019

For the quarter ended September 2019, VEDANTA LTD has posted a net profit of Rs 27 bn (up 43.7% YoY). Sales on the other hand came in at Rs 220 bn (down 3.3% YoY). Read on for a complete analysis of VEDANTA LTD's quarterly results.

VEDANTA LTD 2018-19 Annual Report Analysis (Annual Result Update)

Jun 27, 2019 | Updated on Jun 27, 2019

Here's an analysis of the annual report of VEDANTA LTD for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of VEDANTA LTD. Also includes updates on the valuation of VEDANTA LTD.

More Views on News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

VEDANTA SHARE PRICE


May 18, 2021 10:19 AM

TRACK VEDANTA

  • Track your investment in VEDANTA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

VEDANTA - STERLITE IND. COMPARISON

COMPARE VEDANTA WITH

MARKET STATS