- Vedanta Power reported a net loss of Rs 423 crore in Q1, down from Rs 88 crore profit
- Revenue increased 31.3% to Rs 2,607 crore compared to Rs 1,986 crore last year
- EBITDA declined 30.2% to Rs 291 crore from Rs 417 crore in the previous year
Vedanta Power Ltd. swung to a loss of Rs 423 crore, compared to net profit of Rs 88 crore, according to financial results data for the quarter ended June 30, as per an exchange filing on Wednesday. The revenue saw a 31.3% to Rs 2,607 crore, from Rs 1,986 crore. The Ebitda (earnings before interest, taxes, depreciation and amortisation) down 30.2% to Rs 291 crore versus Rs 417 crore. The Ebitda margin contracted 11.2% from 21%.
Vedanta Power Q1 (Cons,YoY)
• Net Loss at Rs 423 crore versus Profit of Rs 88 crore
• Revenue up 31.3% to Rs 2,607 crore versus Rs 1,986 crore
• EBITDA down 30.2% to Rs 291 crore versus Rs 417 crore
• EBITDA Margin at 11.2% versus 21%
(This is a developing story.)
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