Vedanta gains on reporting 44% rise in Q2 consolidated net profit | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates
Home / BUSINESS / Vedanta gains on reporting 44% rise in Q2 consolidated net profit

Vedanta gains on reporting 44% rise in Q2 consolidated net profit

Vedanta is currently trading at Rs. 145.30, up by 1.35 points or 0.94% from its previous closing of Rs. 143.95 on the BSE.

The scrip opened at Rs. 145.50 and has touched a high and low of Rs. 146.10 and Rs. 144.90 respectively. So far 58446 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 214.25 on 17-Dec-2018 and a 52 week low of Rs. 125.70 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 156.30 and Rs. 142.80 respectively. The current market cap of the company is Rs. 53509.01 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 35.71% and 10.12% respectively.

Vedanta has reported many fold jump in its net profit at Rs 2,913 crore for the quarter ended September 30, 2019 as compared to Rs 26 crore for the same quarter in the previous year. Total income of the company increased by 22.72% at Rs 12,038 crore for Q2FY20 as compared Rs 9,809 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 43.68% in its net profit at Rs 2,730 crore for the quarter under review as compared to Rs 1,900 crore for the same quarter in the previous year. However, total income of the company decreased by 2.00% at Rs 22,814 crore for Q2FY20 as compared Rs 23,279 crore for the corresponding quarter previous year.

Please share this news