Vedanta’s margins dive sequentially on lower output and prices - News Summed Up

Vedanta’s margins dive sequentially on lower output and prices


That will give sales and profits a firm push, since prices are not in its control. More From Livemint »Overall, in the June quarter, Vedanta’s sales declined by 18.7% sequentially, Ebitda fell by 33.7% and its net profit declined by 46.2%. Over a year ago, when metal prices and output was higher, Ebitda was up by 41.6% and net profit by 67.2%. Vedanta’s zinc business in India is run by Hindustan Zinc Ltd and had seen volumes decline sequentially. The company’s international zinc business saw higher volumes, which led to a sharp increase in segment profits sequentially.


Source: Mint July 26, 2017 01:18 UTC



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