Vedanta Q2 net profit at Rs 4,352 crore; demerger completion by March-end

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Vedanta Q2 net profit at Rs 4,352 crore; demerger completion by March-end - Business Standard

Quick Summary:

The company’s management noted that recent fund-raising rounds—via stake sales in Hindustan Zinc and a qualified institutional placement—were used for deleveraging purposes.

He added that the company aims to achieve $6.5 billion in Ebitda by the end of the current financial year.

In a Bloomberg poll, eight analysts estimated revenue of Rs 34,942 crore, and four analysts estimated an adjusted net income of Rs 2,827 crore.