Vedanta slips on reporting 14% fall in Q1 consolidated net profit

Vedanta is currently trading at Rs. 157.50, down by 6.55 points or 3.99% from its previous closing of Rs. 164.05 on the BSE.

The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 165.00 and Rs. 155.90 respectively. So far 578119 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 246.90 on 03-Oct-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. 175.60 and Rs. 155.90 respectively. The current market cap of the company is Rs. 58136.92 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 35.45% and 10.39% respectively.

Vedanta has reported a net loss of Rs 250 crore for the quarter ended June 30, 2019, as compared to a net profit of Rs 78 crore for the same quarter in the previous year. Total income of the company decreased by 10.11% at Rs 8,807 crore for Q1FY20 as compared Rs 9,797 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 13.52% in its net profit at Rs 1,944 crore for the quarter under review as compared to Rs 2,248 crore for the same quarter in the previous year. Total income of the company decreased by 3.85% at Rs 21,754 crore for Q1FY20 as compared Rs 22,624 crore for the corresponding quarter previous year.

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