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

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.

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Category: BusinessFinance

Markets: India

Topics: Indian companies Q2 results Demerger Vedanta Ltd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 17:49:00 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 521 words

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