Vedanta Oil & Gas EBITDA up 34% in first standalone results
The demerged Vedanta Group entities have drawn investor attention after their first separate earnings, with the oil and gas arm showing strong profit growth.
The 30-second read
- Vedanta Oil & Gas EBITDA grew 34% and revenue grew 7% in its first standalone results.
- Profit after tax was around ₹746 Cr, and Vedanta Power shares advanced after its results.
- Analyst Mayuresh Joshi of William O'Neil India advises existing investors to hold and watch the next few quarters.
IllustrationThe demerged entities of Vedanta Group have reported their first standalone earnings, and investors are taking notice. This was first reported by Business Today.
Vedanta Oil & Gas posted EBITDA growth of 34%. Its revenue grew 7%. Profit after tax came in at around ₹746 Cr. Shares of Vedanta Power moved up after the company released its results.
Mayuresh Joshi, Head of Equity Research at William O'Neil India, said the demerger lets each business react to commodity cycles on its own. He added that global inventories are low. A recovery could begin if demand and restocking improve.
Joshi advised current shareholders to stay invested in Vedanta Group stocks and track the coming quarters. Commodity markets remain volatile, which explains the cautious tone.
Why it matters
Indian investors who own Vedanta Group stocks now have the first standalone numbers to judge the demerged businesses. The advice is to hold and watch the next few quarters.
The data
| Metric | Figure |
|---|---|
| EBITDA growth | 34% |
| Revenue growth | 7% |
| Profit after tax | around ₹746 Cr |
