Vedanta Q1 Net Profit Surges 37% to Rs 3,606 Crore
Aug 06, 2024 14:46
Vedanta Ltd. reports a 36.5% increase in consolidated net profit for Q1 FY24, reaching Rs 3,606 crore. The company's revenue also saw growth, driven by strong performance across its diverse portfolio.
New Delhi, Aug 6 (PTI) Mining conglomerate Vedanta Ltd on Tuesday reported a 36.5 per cent rise in consolidated net profit at Rs 3,606 crore for the quarter ended June 30, 2024.
The company had posted a net profit of Rs 2,640 crore in the year-ago period.
The consolidated income of the company in the April-June period rose to Rs 36,698 crore over Rs 34,279 crore in the year-ago period, according to an exchange filing.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate.
The shares of the company were trading at Rs 414.20 apiece on BSE.
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