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Vedanta Q2 Results | Profit rises to Rs 4,644 crore, revenue grows to Rs 30,048 crore

We witnessed steady volume performance across business segments, and sustained margins benefitting from high commodity prices despite a challenging cost environment, said Vedanta Chief Executive Officer Sunil Duggal.

October 29, 2021 / 07:07 PM IST
 
 
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Mining and Oil & Gas exploration major Vedanta reported a consolidated attributable profit after tax (PAT) of Rs 4,644 crore for the quarter ended September 30, increasing 486% from Rs 792 crore reported in the corresponding period last year and increasing by 8% compared to an attributable net profit of Rs 4,280 crore in the previous quarter ended June 30, 2021.

The revenues came in higher by 44% at Rs 30,048 crore for the quarter, compared to Rs 20,804 crore in the same period last year. On a sequential basis, the consolidated revenue is higher by 7% from Rs 28,105 crore.

Higher revenues were primarily supported by improved commodity prices and higher volumes across businesses, partially offset by lower sales volume at Zinc India, copper and TSPL, the company said.

Commenting on the performance of the company, Sunil Duggal, Chief Executive Officer, said, “We continued our strong growth momentum this quarter as well, reporting record quarterly and half-yearly revenue and EBITDA. We witnessed steady volume performance across business segments, and sustained margins benefitting from high commodity prices despite a challenging cost environment.”