{"id":356118,"date":"2020-06-08T11:50:20","date_gmt":"2020-06-08T06:20:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356118"},"modified":"2020-06-08T11:50:20","modified_gmt":"2020-06-08T06:20:20","slug":"vedanta-reports-massive-q4-loss-as-it-attempts-to-take-company-private","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-reports-massive-q4-loss-as-it-attempts-to-take-company-private\/","title":{"rendered":"Vedanta reports massive Q4 loss as it attempts to take company private"},"content":{"rendered":"<p>MUMBAI : Billionaire Anil Agarwal\u2019s metals and mining conglomerate Vedanta Ltd reported net loss of \u20b912,083 crore in the March 2020 quarter, compared to profit of \u20b93218 reported in the year-ago period. Vedanta is in the process of seeking the assent of its public shareholders to delist the company from Indian stock exchanges.<\/p>\n<p>While revenue fell 15% year-on-year (y-o-y) to \u20b919,513 crore for the quarter, the massive quarterly net loss is attributed to a write-off of \u20b917,132 crore on impairment of assets in oil and gas, copper and iron ore businesses. For the quarter, earnings before interest, taxes, depreciation and amortisation was down 26% quarter-on-quarter to \u20b94,844 crore while EBITDA margin stood at 28%.<\/p>\n<p>Revenue was also affected by lower commodity prices and further by the covid-19 pandemic, lower volumes at zinc, oil and gas, and steel business and lower power sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Billionaire Anil Agarwal\u2019s metals and mining conglomerate Vedanta Ltd reported net loss of \u20b912,083 crore in the March 2020 quarter, compared to profit of \u20b93218 reported in the year-ago period. Vedanta is in the process of seeking the assent of its public shareholders to delist the company from Indian stock exchanges. While revenue fell 15% year-on-year (y-o-y) to \u20b919,513 crore for the quarter, the massive quarterly net loss is attributed to a write-off of \u20b917,132 crore on impairment of assets in oil and gas, copper and iron ore businesses. For the quarter, earnings before interest, taxes, depreciation and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-356118","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=356118"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356118\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}