- Vedanta’s net income for the first quarter was 36.1 billion rupees, up 37% year-over-year, surpassing the estimated 23.53 billion rupees.
- Revenue reached 352.4 billion rupees, marking a 5.7% increase from last year, though slightly below the expected 360.92 billion rupees.
- Total costs decreased by 3.8% year-over-year to 307.7 billion rupees.
- Finance costs rose by 5.2% to 22.2 billion rupees, less than the predicted 24.58 billion rupees.
- Other income saw a significant increase of 71% year-over-year, totaling 9.34 billion rupees.
- Zinc international sales dropped by 32% to 7.53 billion rupees, underperforming compared to the estimate of 8.26 billion rupees.
- Copper sales remained steady at 47.3 billion rupees, though below the estimate of 49.21 billion rupees.
- Iron ore sales decreased by 35% year-over-year to 13.2 billion rupees, falling short of the estimated 21.08 billion rupees.
- Analyst ratings include 8 buys, 4 holds, and 1 sell recommendation.
A look at Vedanta Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts are eyeing Vedanta Ltd with interest as the company’s Smartkarma Smart Scores paint a mixed picture for its long-term prospects. With a top-notch score in dividends and momentum, investors are attracted to Vedanta’s strong dividend payouts and positive price performance. However, concerns loom over the company’s growth and resilience scores, which are on the lower end. This indicates some uncertainty around Vedanta’s ability to expand and weather potential market turbulence in the future. Nevertheless, with a solid value score, Vedanta remains an appealing option for investors seeking stable returns in the base metals sector.
Vedanta Limited, a company deeply rooted in mining and exporting base metals like zinc, iron ore, copper, silver, and aluminium, is navigating a landscape of varied Smart Scores. While boasting a stellar dividend and momentum score, Vedanta faces challenges in growth and resilience metrics. These scores indicate a potential need for strategic positioning to foster growth and enhance operational resilience. Despite these hurdles, Vedanta’s strong value score provides a foundation of stability, offering investors a promising opportunity in the global metals market. Vigilant monitoring of Vedanta’s progress in key areas will be crucial for those tracking its long-term performance.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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