Vedanta's Profits Decline Amid Strategic Resilience and New Ventures

Vedanta Ltd reported a 37.9% drop in consolidated profit after tax for the September quarter due to a significant write-off and settlement payment. Despite this, the company saw a 6% increase in revenue and made substantial progress on new projects, reflecting its strategic resilience and growth focus.

Vedanta Ltd, led by Anil Agarwal, announced a notable 37.9% decline in consolidated profit after tax to Rs 3,479 crore for the September quarter, attributing the decrease to an exceptional item.

The company's earnings report revealed a substantial profit drop compared to Rs 5,603 crore in the same period last year. However, Vedanta's income increased to Rs 40,464 crore from Rs 38,934 crore. A significant write-off due to a Supreme Court ruling and a settlement payment impacted the profit.

Despite these challenges, Vedanta experienced a 6% rise in revenue and achieved key milestones, including new project commissions and increased production capacity. This strategic resilience positions them for strong performance in FY26.

(With inputs from agencies.)