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Vedanta Fourth-Quarter Profit Climbs 81 Percent

Net profit came in at 48.02 billion rupees ($721.02 million) for the three months ended March 31, compared with 26.47 billion rupees a year earlier, the company said in a statement

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Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, posted an 81 percent surge in quarterly profit on Thursday, helped by higher volumes and favourable commodity prices.

Net profit came in at 48.02 billion rupees ($721.02 million) for the three months ended March 31, compared with 26.47 billion rupees a year earlier, the company said in a statement.

Net revenue from operations (net of excise duty) for the quarter grew nearly 23 percent to 276.30 billion rupees driven by higher volumes from oil & gas, aluminium, copper India business and improved commodity prices, Vedanta said.


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