Vedanta Ltd reports consolidated net loss of Rs. 10286 crore

Vedanta Limited has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.8640 crores during the period ended March 31, 2020 as compared to Rs.9243 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.(10286) crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.891 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.(27.65) for the period ended March 31, 2020 as compared to Rs.2.40 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 8640 crs	₹ 9243 crs	-6.52%
Net Profit	₹ (10286) crs	₹ 891 crs	-1254.43%
EPS	₹ (27.65)	₹ 2.40	-1252.08%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.8640 crores during the period ended March 31, 2020 as compared to Rs.9449 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.(10286) crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.39 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.(27.65) for the period ended March 31, 2020 as compared to Rs.0.10 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 8640 crs	₹ 9449 crs	-8.56%
Net Profit	₹ (10286) crs	₹ 39 crs	-26474.36%
EPS	₹ (27.65)	₹ 0.10	-27750%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.38728 crores during the 12 months period ended March 31, 2020 as compared to Rs.44796 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.(6732) crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.5075 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.(18.10) for the 12 months period ended March 31, 2020 as compared to Rs.13.65 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 38728 crs	₹ 44796 crs	-13.55%
Net Profit	₹ (6732) crs	₹ 5075 crs	-232.65%
EPS	₹ (18.10)	₹13.65	-232.6%

Exceptional items for Q4 FY2020 was at Rs. 17,132 crores, primarily due to impairment of assets at Oil & Gas, Copper and Iron Ore business.

Exceptional loss for FY2020 was at Rs. 17,386 crores, mainly due to impairment of assets at Oil & Gas, triggered majorly due to significant fall in crude oil prices primarily consequent to the outbreak of COVID-19, partially offset by RPO liability true up at Aluminium, and interest accrued on power debtors at TSPL in line with positive Supreme Court order.

Mr Sunil Duggal, Chief Executive Officer, Vedanta, said "Vedanta has a rich legacy as India's only diversified natural resources group. We will continue to further strengthen it in the years to come. It is a company with a strong purpose of giving back for the greater good, a track record of achievement with an equally compelling sense of selflessness. The Covid pandemic has hit the world and us in the last quarter of the year. We have taken a pro-active approach to keep our assets and people safe while ensuring optimum operations during these difficult times. During these difficult times, our efforts are aligned to the singular vision of making our communities, the state and nation self-reliant and selfsufficient."

Shares of Vedanta Limited was last trading in BSE at Rs.105.35 as compared to the previous close of Rs. 104.35. The total number of shares traded during the day was 3130229 in over 11904 trades.

The stock hit an intraday high of Rs. 106.25 and intraday low of 102.95. The net turnover during the day was Rs. 325938118.

Source : Equity Bulls

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