Vedanta Ltd. share price target

Q2FY18 EBITDA at Rs 57 bn, up 22% YoY, was in line with our and Bloomberg consensus estimates. The YoY increase was mainly due to (a) 32% YoY higher Zinc LME price at USD 2,960 and 28% YoY higher sales volume at Hindustan Zinc at 230 kt

Vedanta reported a decent set of Q2FY18 numbers, supported by the healthy performance from Zinc India, Zinc International and copper vertical. The consolidated topline came in above our estimates while the consolidated EBITDA was broadly in line with our estimates EBITDA for the quarter came in at | 5669 crore (up 21.5% YoY, 16.3% QoQ) broadly in line with our estimate of | 5464.6 crore. EBITDA margin was flattish QoQ at 26.3% (vs. our estimate: 27.7%, Q2FY17: 29.4%, Q1FY18: 26.7%). Zinc India reported EBITDA of...

Metals and mining conglomerate Vedanta reported a less than expected consolidated net profit of Rs 2,036 crore in the September quarter, up 43 per cent from the same period last year. Vedanta revenue in Q2FY18 was up 36% y-o-y to Rs 21590 crore on account of higher volume at Copper India, Zinc India, Zinc International, ramp up at Aluminium business and higher commodity prices partially offset by currency appreciation, lower volumes at Oil & Gas. Revenues were 18% up sequentially on account of higher volume at Copper India, Zinc India, restart of TSPL plant in Q2 following the shutdown in Q1, ramp up at Aluminium business and...

business was subdued due to seasonal factors. Zinc: HZL numbers were in-line. Zinc-int reported strong numbers, driven by robust production and a significant reduction in cost of production (CoP)....

Vedanta has submitted to the stock exchange that a total of 1,605 MW captive power capacity (out of total capacity of 3,615 MW) has been temporarily closed down as per the direction of OSPCB.

Targeted output of 1.2 mnt by FY20; Rampura Agucha to fully transformed into underground by FY19;Silver production potential at 1,000 tons from 450 tons currently;Fumer project to enhance metal recovery to be commissioned in CY18;Shaft commissioning at key mines to stabilize cost.

Q1 EBITDA at Rs 49 bn (up39% YoY)was below our and Bloomberg consensus estimates. The YoY increase was mainly due to(a) higher Zinc LME priceat USD 2,600 (up 35% YoY) and higher total sales volume at Hindustan Zinc at 228kt (up 81% YoY),(b)higher Aluminum production at 352kt (up 44% YoY) and higher ..

Revenue fell by 18.77% to Rs. 18285.0 Cr in Q1FY18 when compared to the previous quarter Revenue fell by 18.77% to Rs. 18285.0 Cr in Q1FY18 when compared to the previous quarter

Vedanta reported a subdued set of Q1FY18 numbers wherein EBITDA and PAT were below our estimates Gross income from operations were at | 19342 crore. After adjusting for excise duty, net operating income was at | 18285 crore (up 26.7% YoY, down 18.8% QoQ, our estimate: | 18648 crore) EBITDA came in at | 4874 crore (up 39% YoY, down 33.7% QoQ), lower than our estimate of | 5603 crore. Resultant EBITDA margin came in at 26.7% below our estimate of 30.1% (Q4FY17: 32.5% and...

Vedanta's consolidated results for the quarter registered a beat on street estimates in terms of revenue and bottomline. Vedanta net sales excluding excise duty in Q1FY18 was higher by 27% to Rs 18285 crore on y-oy basis due to higher volume at Zinc India & ramp-up at Aluminium business and higher commodity prices partially offset by currency appreciation, lower volume at Copper India and Iron ore and pot outages at 500Kt Jharsuguda-I smelter and TSPL fire incident in April 17. Revenues were 19% lower sequentially due to lower commodity prices, currency appreciation,...