“Pricing will be positive in the third quarter vis-a-vis the fourth quarter,” Goel told ET in an exclusive interaction. He pegged the natural resources major’s EBITDA for the full year in excess of $6 billion. So far in this fiscal, Vedanta has had an EBITDA of Rs 37,529 crore (approximately $4.1 billion), up 18% compared to the previous year, and at an all-time high.
“Historically, in our industry, there is a bit of linearity involved as well, which means the fourth quarter is by far the biggest. That is a mathematical certainty,” Goel said.
The Anil Agarwal-owned company clocked in a consolidated net profit of Rs 7,807 crore, up 60% on year, while its consolidated EBITDA jumped 34% on year to Rs 15,171 crore. Consolidated revenue for the period stood at Rs 45,899 crore, 19% higher as compared to the previous year.
EBITDA margin for the quarter stood at 41%, up by 629 basis points on year.
