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Vedanta Q3 Results | Profit grows 26.75% to Rs 5,354 crore, revenue up nearly 50%

The performance was driven Aluminium and Zinc-India businesses owing to higher LME prices and production ramp-up

January 28, 2022 / 04:21 PM IST
Vedanta Limited | Representative image

Vedanta Limited | Representative image

 
 
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Vedanta Ltd on Friday reported a 26.75 percent increase in its consolidated net profit for the December quarter to Rs 5,354 crore from Rs 4,224 crore reported a year ago. The company had posted a net profit of Rs 5,812 crore in the previous quarter.

The company attributed the better-than-expected earnings to sustained margins benefitting from operational efficiencies and high commodity prices despite input cost headwinds.

Consolidated revenues for the metal and oil and gas major stood at Rs 33,697 crore, up 49.77 percent, compared to Rs 22,498 crore reported in the year-ago period. Revenues in the preceding quarter stood at Rs 30,048 crore.