Vedanta Reports Rs 1,783 Crore Net Loss in Q2
By Rediff Money Desk, NEWDELHI Nov 04, 2023 16:17
Vedanta Ltd posted a net loss of Rs 1,783 crore in Q2 FY24 due to a one-time exceptional item related to the adoption of a new tax rate. The company's revenue increased during the quarter.
![Vedanta Reports Rs 1,783 Crore Net Loss in Q2](https://im.rediff.com/money/2015/jan/05anil.jpg)
Photograph: Rediff Archives
New Delhi, Nov 4 (PTI) Anil Agarwal-led Vedanta Ltd on Saturday reported a consolidated net loss of Rs 1,783 crore for the second quarter ended September 2023 on account of one-time exceptional item because of adoption of new tax rate.
The company had posted a consolidated net profit of Rs 1,808 crore in the year-ago period, Vedanta Ltd said in a filing to BSE.
The consolidated income of the company in the July-September period increased to Rs 39,585 crore from Rs 37,351 crore in the year-ago period.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power across India, South Africa and Namibia.
The company had posted a consolidated net profit of Rs 1,808 crore in the year-ago period, Vedanta Ltd said in a filing to BSE.
The consolidated income of the company in the July-September period increased to Rs 39,585 crore from Rs 37,351 crore in the year-ago period.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power across India, South Africa and Namibia.
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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Motilal Oswal MF...](https://im.rediff.com/80-80/money/2023/feb/19zomato1.jpg)
Motilal Oswal MF Sells Zomato Shares for Rs 646...
Motilal Oswal Mutual Fund has sold its stake in Zomato for Rs 646 crore through an open...
![Gold and Silver...](https://im.rediff.com/80-80/money/2014/mar/03gold3.jpg)
Gold and Silver Rates Today: July 16, 2023
Get the latest gold and silver rates for July 16, 2023. Check the prices of standard...
![GVK Power Faces...](https://im.rediff.com/80-80/money/2017/jul/13bank.jpg)
GVK Power Faces Insolvency: Loan Default Leads...
GVK Power and Infrastructure Ltd faces insolvency proceedings after failing to repay...