Vedanta Ltd. share price target

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'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,...

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...

Revenue increased by 14.64% to Rs. 11102.51 Cr in Q4FY17 when compared to the previous quarter

Q4 EBITDA at Rs 74 bn(up110% YoY)was broadly in line with our and Bloomberg consensus estimates. Theincrease was mainly due to (a) higher Zinc LME priceat USD 2,775(up 65% YoY) and higher zinc volume at Hindustan Zinc at 260kt (up 35% YoY),(b)higher aluminum production at 353kt (up 56% YoY)

Vedanta reported a healthy Q4FY17 performance wherein the topline, EBITDA and PAT came in line with our estimate Gross income from operations was at | 23691.4 crore. After adjusting for excise duty, net operating income was at | 22511.3 crore (up 41.5% YoY, 15.9% QoQ), in line with our estimate of | 22643.2 crore EBITDA came in at | 7350.1 crore (up 109.1% YoY, 25.0% QoQ) inline with our estimate of | 7225.5 crore. EBITDA margins were at 32.7%, marginally higher than our estimate of 31.9% (Q3FY17: 30.3%; Q4FY16: 22.1%). The ensuing attributable PAT before...

Vedanta has reported production disruption at its Aluminium operations in Odisha and power plant in Punjab. We estimate no major financial impact aggregate EBITDA loss of ~Rs 5 bn in FY18, which is less than 2% of total estimated EBITDA of Rs 280 bn.

Revenue rose by 23.33% to Rs. 19320.03 Cr in Q3FY17 when compared to the previous quarter. Also, it rose by 30.59% when compared with Q3FY16.

ICICI Securities Ltd | Retail Equity Research Vedanta reported an operationally in line Q3FY17 performance. Topline, EBITDA came in line with our estimate while reported PAT...