Vedanta reports a Net loss of 11,181 crores on a (QoQ) basis

Vedanta Ltd. has announced its Q4FY16 results. Vedanta Ltd. has certainly disappointed and has registered a negative figure even after posting positive EBITDA. Vedanta's Net income from operations has increased by 7 per cent and stands at Rs 15979.28 crores as compared to Rs 14876.55 crores for the previous quarter. EBITDA has seen an increase of 12 per cent and stands at Rs 3471.98 crores as compared to Rs 3105.73 crores for the previous quarter. Net loss for the quarter ended stands at Rs 11181 crores.

On a (YoY) basis the Net Income from operations has seen a steep decline of about 13 per cent and stands at Rs 64,433.55 crores as compared to Rs 73709.5 crores for the previous year. EBITDA margin has been down by 33 per cent and stands at Rs 14708.84 crores as compared to Rs 22044.55 crores for the previous year. On a (YoY) basis the firm has reported a Net loss of around Rs 9323.44 crores as compared to Rs 15645.77 crores. As compared to the previous year Net loss has reduced by 40 per cent.

The Company’s Net loss is generally attributed to low commodity prices which have impacted the firm. On a (YoY) basis the commodity prices have reduced by around 16 – 20 per cent. The shares on the exchanges are trading at Rs 103.40

Vedanta Ltd. is an Indian company that produces and exports iron ore. The company is engaged in the business of exploration, mining and processing of iron ore. The company’s operations are categorised into Iron Ore Division, Metallurgical Coke Division, Pig Iron Division and a technology business. Its mining operations are carried out in the States of Goa and Karnataka in India.