Vedanta Q4 Review - Apt Play On Rising Commodity Prices: Centrum Broking
A man waters plants outside the Indian headquarters of Vedanta Resources Plc in Mumbai, India. (Photographer: Adeel Halim/Bloomberg News)

Vedanta Q4 Review - Apt Play On Rising Commodity Prices: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

Vedanta Ltd. reported in-line Ebitda of Rs 90.4 billion (our estimate: Rs 93.6 billion), up 17% QoQ, primarily due to higher Ebitda in aluminium, Zinc-India and iron ore and improved earnings in other business segments except power and copper.

Excluding Hindustan Zinc Ltd., Ebitda stood at Rs 51.9 billion, up 17% QoQ.

After Zinc India (~43% of total in Q4), aluminium continues to be the major contributor (~30% of total versus 27% in Q3) to Ebitda.

The ramp up in volumes, cost efficiencies and higher commodity prices to boost earnings (Ebitda compound annual growth rate of 22% over FY21-23E to Rs 406.2 billion).

Click on the attachment to read the full report:

Centrum Broking Vedanta Q4FY21 Result Update .pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.