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Vedanta posts net profit at Rs 1,533 crore for Q1

It had posted a net profit of Rs 1,501 crore in the April-June period of 2017-18, Vedanta Ltd said in a filing to BSE.


PTI 31 Jul 2018, 11:17 AM India

Metals and mining giant Vedanta Ltd today posted a nearly flat consolidated net profit at Rs 1,533 crore, up barely 2.13 percent, for the first quarter ended June 30, 2018-19.

It had posted a net profit of Rs 1,501 crore in the April-June period of 2017-18, Vedanta Ltd said in a filing to BSE.

The net profit is after taxes, non-controlling interests and share in the profit of jointly controlled entities and associates but before exceptional items, it said.

The consolidated total income during the first quarter of the current fiscal increased to Rs 22,624 crore, as against Rs 20,431 crore in the year-ago period.

Vedanta Ltd is a diversified natural resources company whose business primarily involves producing oil and gas, iron ore, aluminum and commercial power among others.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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