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ICICI Direct Report
On the back of a sequential uptick in non-ferrous metal prices, Vedanta Ltd. reported a steady Q2 FY21 performance.
Consolidated topline for Q2 FY21 came in at Rs 21107 crore, up 32% QoQ.
Consolidated Ebitda for Q2 FY21 came in at Rs 6531 crore, up 48% YoY, 64% QoQ.
Steady Ebitda performance in Q2 FY21 on a YoY basis was supported by higher volume at Zinc India business, subdued input commodity prices, lower cost of production at aluminium, steel and zinc business and rupee depreciation, partially offset by lower volume at the oil and gas business.
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