- Vedanta Power reported a loss of Rs 423 crore in April-June quarter, down from Rs 88 crore profit
- Revenue rose 31.3% to Rs 2,607 crore compared to Rs 1,986 crore last quarter
- Ebitda fell 30.2% to Rs 291 crore from Rs 417 crore in the previous quarter
Shares Vedanta Power fell more than 3% during the trading hours on Thursday, July 30 after the company posted a loss of Rs 423 crore in the April to June quarter, compared to net profit of Rs 88 crore.
The firm's revenue rose 31.3% to Rs 2,607 crore, from Rs 1,986 crore. In terms of operations, 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 share price declined as much as 3.65% to Rs 34.03 apiece. The scrip was trading 2.83% lower by 10:50 am, while the bencmark Nifty 50 was up 0.05%.
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