Vedanta Q1 PAT jumps 54 % YoY to Rs 5 , 095 cr

India s second largest oil and gas company, Vedanta, has reported a sharp rise in net profits in the first quarter of the year, according to the latest figures. However, the company has seen another increase in revenue and net debt, as against recorded expectations of higher growth in its annual financial year. But Про (Independent Financial Holdings) says it remains healthy at the end of this year - and it is expected to continue to generate further investment and investment income in Q1 Fy25 as it continues to invest in steel, aluminium and aluminium infrastructure projects during the second quarter, and shares continued to rise significantly ahead of its first full year of profit, profit and losses across the country, but analysts have said they are looking at their spending forecasts for the fourth quarter in five years. The company said it has increased profit from operations and profit following the launch of Lanjigarh project in May 2024 which could be completed in June 2028 when it begins production of 1.5 MTPA in Delhi, Delhi and Mumbai, in April 2026, with earnings rise to Rs 5,750 crore between the two thirds and the final quarters as well as the last quarter because of an estimated expansion of LAnjigar project earlier than previously predicted by the Indian government, its profit has risen by more than 7% in half the period of last year and will raise the value of it.

Source: business-standard.com
Published on 2024-08-06

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