Vedanta Q4 Net Profit Drops 27% - Business News

Apr 25, 2024 16:15

Vedanta Ltd reported a 27.2% decline in consolidated net profit to Rs 1,369 crore for the March quarter. The company's consolidated income also dropped.

Vedanta Q4 Net Profit Drops 27% - Business News

Photograph: Rediff Archives

New Delhi, Apr 25 (PTI) Anil Agarwal-led Vedanta Ltd on Thursday reported a 27.2 per cent decline in consolidated net profit to Rs 1,369 crore for the March quarter.

The company had posted consolidated net profit of Rs 1,881 crore in the year-ago period, Vedanta said in a filing to the BSE.

The consolidated income of the company in the January-March period dropped to Rs 36,093 crore as against Rs 38,635 crore in the year-ago period.

Vedanta Ltd, a subsidiary of Vedanta Resources, is a diversified global natural resources company with operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power across India, South Africa, and Namibia.

By Rediff Money Desk, NEWDELHI

DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.