Vedanta Q4 profit rises 81% to Rs4,802 crore

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Bengaluru: Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, posted an 81% surge in quarterly profit on Thursday, helped by higher volumes and favourable commodity prices.

Net profit came in at Rs4,802 crore ($721.02 million) for the three months ended 31 March, compared with Rs2,647 crore a year earlier, the company said in a statement.

Net revenue from operations (net of excise duty) for the quarter grew nearly 23% to Rs27,630 crore driven by higher volumes from oil & gas, aluminium, copper India business and improved commodity prices, Vedanta said. livemint