Vedanta’s Q3 profit jump 58% to Rs 4,224 crore on higher realisation
Its total income during the October-December quarter rose to Rs 23,621 crore from Rs 22,007 crore in the year-ago period, the filing said.
Its total income during the October-December quarter rose to Rs 23,621 crore from Rs 22,007 crore in the year-ago period, the filing said.
In the broader markets, the S&P BSE MidCap and SmallCap also traded lower by 0.14 and 0.50 per cent respectively.
Company's total expenses were at Rs 10,190.03 crore in the third quarter of financial year 2020-21.
During the quarter, grocery business and electronics stores sustained double-digit growth, while the fashion and lifestyle business delivered a strong rebound, surpassing the pre-COVID levels.
Income from interest also plunged to Rs 170.94 crore from Rs 424.22 crore earlier.
Earnings per share (EPS) was at Rs 13.13. In dollar terms, the net profit was up 1.3 per cent sequentially to USD 160.6 million
The drug firm had posted consolidated profit of Rs 296.43 crore in the year-ago period.
HDFC’s shares gained 3.13 per cent to Rs 2,470.85 on the BSE and 3.16 per cent to Rs 2,471.70 on the NSE.
Provisions and contingencies for the quarter at Rs 2,083.2 crore plunged sharply by 50.9 percent YoY.
Company’s stock gained 2.59 per cent to trade at Rs 3,261.30 on the BSE and on the NSE, the scrip traded higher by similar margins at Rs 3,262.
