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Vedanta is likely to report a consolidated profit of Rs 2,577.1 crore in Q4 FY18, a rise of 25 percent from Rs 2,053 crore posted during the previous quarter. According to a Reuters analyst poll, the metals major is likely to report revenues of Rs 24,815.2 crore as against Rs 24,361 crore quarter-on-quarter, a marginal rise of two percent.
Profit during this quarter may be lower due to an impairment loss of Rs 1,800 crore after the Supreme Court ordered closure of its Goa iron-ore mining operations. During the corresponding quarter of last year, the firm had reported a profit of Rs 2,971 crore, while its revenue was Rs 22,371 crore.
Among segments, Motilal Oswal expects operating profit to rise 16 percent quarter-on-quarter to Rs 710 crore on the back of higher LME (London Metal Exchange) volumes. This may be partly offset by higher costs.
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