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VEDL - Vedanta News Story

₹130.95 -3.4  -2.5%

Last Trade - 18/09/20

Basic Materials
Large Cap
Market Cap £5.08bn
Enterprise Value £9.00bn
Revenue £8.85bn
Position in Universe 64th / 3004

India's Vedanta quarterly profit dives 21 pct, but beats estimate

Thu 31st January, 2019 11:42am
Jan 31 (Reuters) - Indian miner Vedanta Ltd  VDAN.NS  posted
on Thursday a 21.1 percent fall in third-quarter profit, hit by
a drop in commodity prices and shutdown of its copper smelter in
south India.
    Profit came in at 15.74 billion rupees ($221.38 million) for
three months ended Dec. 31, compared with 19.94 billion rupees a
year earlier, the company said
    Analysts on average expected Vedanta to post a profit of
14.31 billion rupees, according to Thomson Reuters Refinitive
    Revenue from operations for the quarter was 236.69 billion
rupees compared with 243.61 billion rupees a year ago.

    ($1 = 71.1000 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry
 ((; +91-82-6749-7919; Reuters
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