Vedanta Ltd. ADR (VEDL) Social Stream

Vedanta Ltd. ADR (VEDL): $16.61

-0.34 (-2.01%)

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Featured Post From StockTwits About VEDL

$VEDL here is the quote from the earnings call on why the after tax profit declined quarter on quarter: "the normalized ETR, effective tax rate, stands at 26% versus 28% in the previous quarter on account of change in profit mix within entities in our portfolio.

As you know, normalized ETR excludes any tax on exceptional items, tax on inter dividend and onetime deferred tax asset that we recognized almost INR3,000 crores in the previous quarter from integration of our ESL from the previous losses in the fourth quarter."
ConservativeInvestor, published July 26, 2021

Other Notable StockTweets About VEDL

$VEDL Earnings for Hindustan Zinc (in which VEDL owns a 62% stake came out today) I am surprised at how poor they were. Zinc prices during the April to June Quarter were significantly above prices for the Jan to March quarter, despite this, the Quarter on Quarter results for Sales were down 5% and for Profits down a disturbing 20% - does anybody have perspective as to why? This does not bode well for VEDL earnings out at end of the month.

ConservativeInvestor, published July 22, 2021

$VEDL This is the most undervalued Commodities play, I have been holding several thousand shares (purchased at $6) since Anil Agarwal's failed delisting in October. I purchased primarily for the Dividend Income and as an inflation hedge. But there are so many ways to win here. The electrification of vehicles (Nickel). The resurgence of oil. The growth of India's economy. And the robustness of the base Zinc business. This earnings report is going to be a blowout quarter. Just look at the 6 month chart for zinc prices. Jan - March was a great quarter for VEDL and Zinc prices from April through June have spent the entire quarter pretty much above the previous's quarters PEAK price!

ConservativeInvestor, published June 25, 2021

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