Vedanta Ltd Reports 36.5% Surge in Quarterly Net Profit

Vedanta Ltd, a mining conglomerate, announced a 36.5% increase in its consolidated net profit to Rs 3,606 crore for the quarter ending June 30, 2024. The company's income rose to Rs 36,698 crore, compared to Rs 34,279 crore in the same period last year. Vedanta operates globally in various natural resources sectors.

Vedanta Ltd, a mining conglomerate, reported a 36.5% rise in consolidated net profit, totaling Rs 3,606 crore for the quarter that ended on June 30, 2024.

The company had previously posted a net profit of Rs 2,640 crore in the year-ago period. This significant increase is noteworthy in the industry.

During the April-June period, the company's consolidated income reached Rs 36,698 crore, rising from Rs 34,279 crore in the previous year. Vedanta Ltd is a subsidiary of Vedanta Resources Ltd, with extensive global operations in natural resources.