Vedanta Q3 Net Profit Drops 41% During October-December 2022

168808607 article_headline">

Last Updated: January 27, 2023, 17:05 IST

Vedanta is a diversified natural resources company.

Vedanta’s consolidated income in the October-December 2022 period increases marginally by 0.4% to Rs 34,818 crore from Rs 34,674 crore a year ago

Vedanta Ltd on Friday reported a 40.8 per cent drop in consolidated net profit to Rs 2,464 crore for the third quarter ended December 2022 on higher input costs. The company posted a consolidated net profit of Rs 4,164 crore in the year-ago period, Vedanta Ltd said in a BSE filing.

However, the consolidated income of the company in the October-December period increased marginally by 0.4 per cent to Rs 34,818 crore from Rs 34,674 crore a year ago.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel and aluminium and power across India, South Africa and Namibia.

Read all the Latest Business News here

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)