Tuesday, 7 May 2019

Vedanta To Announce Q4 Results Today; Here Are Key Factors To Watch Out For

Metals & Mining major Vedanta, which will announce its March quarter results on May 7, is expected to report a poor set of numbers.

The key thing to watch out for would be the management's commentary on the progress on Gamsberg mine and outlook for base metal prices.

Research firm ICICIdirect expects Vedanta to report net profit of Rs 1,106.4 crore down 77 percent year-on-year. Net Sales are expected to decrease by 16.9 percent Y-o-Y to Rs 22,961.1 crore.

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