Vedanta tumbles on reporting 43% fall in Q4 consolidated net profit

Vedanta is currently trading at Rs. 158.45, down by 4.95 points or 3.03% from its previous closing of Rs. 163.40 on the BSE.

The scrip opened at Rs. 159.00 and has touched a high and low of Rs. 163.20 and Rs. 156.80 respectively. So far 200594 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 290.15 on 09-May-2018 and a 52 week low of Rs. 145.90 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 170.15 and Rs. 156.80 respectively. The current market cap of the company is Rs. 60738.95 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 35.15% and 10.69% respectively.

Vedanta has reported a fall of 99.36% in its net profit at Rs 39 crore for the quarter ended March 31, 2019 under review as compared to Rs 6072 crore for the same quarter in the previous year. Total income of the company also decreased by 41.46% at Rs 9,449 crore for Q4FY19 as compared Rs 16,141 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 43.30% in its net profit at Rs 3218 crore for the quarter ended March 31, 2019 under review as compared to Rs 5,675 crore for the same quarter in the previous year. Total income of the company also decreased by 12.09% at Rs 25,096 crore for Q4FY19 as compared Rs 28,547 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 30.06% in its net profit at Rs 5075 crore as compared to Rs 7256 crore for the previous year. Total income of the company also decreased by 9.56% at Rs 44,796 crore for year under review as compared to Rs 49,533 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 29.17% in its net profit at Rs 9698 crore as compared to Rs 13,692 crore for the previous year. Total income of the company also marginally decreased by 0.06% at Rs 96,066 crore for year under review as compared to Rs 96,128 crore for year ended March 31, 2018.

The post Vedanta tumbles on reporting 43% fall in Q4 consolidated net profit appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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