Among the businesses scheduled to release their Q3 profits this week is Vedanta Ltd., which Anil Agarwal helms. In an exchange filing on January 27, the company provided the bourses with its Q3 results timetable. information
Oil and gas, iron ore, copper, steel, silver, zinc, lead, nickel, electricity, and glass substrate are among the natural resource businesses that Vedanta operates in. Its products serve several sectors, such as aerospace, automotive, construction, packaging, and renewable energy.
Vedanta Ltd. has a market valuation of more than Rs 1.68 lakh crore and is well-established in the US, Africa, the Middle East, and India.
Vedanta Q3 Results: Date And Time
In a filing to the stock exchanges, Vedanta Ltd. stated that on Friday, January 31, its board would convene to examine and approve the financial accounts for the third quarter of the current fiscal year.
The statement said that the company’s board of directors will meet on January 31, 2025, to discuss the company’s unaudited financial results for the 3quarter and nine months ending December 31, 2024.
Trading in Vedanta shares will be prohibited for specified individuals and their close family members until 48 hours after (SEBI) regulations announce the company’s results.
On January 31, from 5 to 6 p.m., Vedanta will host an analyst call to review the company’s Q3 results.
TCall+91 22 6280 1114 or +91 22 7115 8015. to attend the conference, ToAnalystsnd investors can sign up for the call on the business’s websiteÂ
 To participate in the conversations. Vedanta Ltd.’s stock has declined over the previous few months, down by around 3% in the last half-year. The stock price has fallen 1.3% in a month and over 3% in the previous five trading sessions. On the other hand, the stock has increased by almost 60% in just one year.
Vedanta’s stock closed Thursday’s trading session on the NSE 0.77% higher at Rs 433.90 a share, while the benchmark Nifty 50 stayed unchanged at 23249 points.
With the help of significant deferred tax, Vedanta Ltd. declared a profit of Rs 5,603 crore in the second quarter of FY, above expert projections. In contrast, the business reported a net loss of Rs 915 crore during the same time last year. Despite sales declining 3.4% year over year to Rs 37,634 crore in Q2 from Rs 38,945 crore in the quarter of the previous fiscal year, there was a notable increase in profit.
