GAGA Share Market News

[hfe_template id='11223'] [ad_1] Vedanta shares will be in focus on Saturday, February 1, after the company reported a 76% year-on-year (YoY) rise in consolidated net profit for the quarter ended December 31, 2024, at Rs 3,547 crore. Revenue from operations grew 10% YoY to Rs 38,526 crore, while consolidated EBITDA rose 30% YoY to Rs 11,284 crore. Margins improved by 517 basis points YoY to 34%. “We have delivered our highest-ever third-quarter EBITDA. Our strategic focus on cost optimization and production ramp-up across our key businesses has helped us continue delivering this outperformance," said Arun Misra, Executive Director, Vedanta. Also Read: Stocks in news on Budget day: ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero MotoCorp, HUL, RVNL, IRCTC Revenue growth during the quarter was driven by favourable market prices and higher premiums. The strong operating performance was mainly due to structural cost-saving initiatives across businesses, favorable outpu...

[hfe_template id='11223'] [ad_1] Shares of the metal major Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company's credit metrics. The rating for its 'Longterm/S term –Unallocated limits' instrument was upgraded to [ICRA]AA from [ICRA]AA-/[ICRA]A1+ rating watch with developing implications. The Longterm–Fund based –Term loan instrument was upgraded to [ICRA]AA from [ICRA]AA- and continues on rating watch with developing implications. As for Commercial Paper the rating was upgraded to ICRA]A1+ rating watch with developing implications. Recently, the mining major carried out a successful fund-raising worth $1 billion via a qualified institutional placement (QIP) in July 2024 and an additional $400 million was generated from the offer for sale (OFS) of Hindustan Zinc Limited (HZL) in August 2024. ...