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Mining group Vedanta Ltd posts fourth-quarter profit helped by higher revenue


- Ltd , the Indian unit of diversified energy group Resources PLC , reported a consolidated quarterly profit, as surged, driven by improved commodity prices and higher zinc volumes.

Consolidated net profit stood at 29.88 billion rupees ($466.09 million) in the fourth quarter ended March 31, compared with a loss of 211.04 billion rupees a year earlier, the metals and mining group said on Monday. (

Analysts on average expected Vedanta, which recently completed the buyout of Cairn India Ltd , to post a profit of 26.67 billion rupees, according to Thomson data.

Consolidated surged about 35 percent to 246.12 billion rupees.

Shares of the company were up 1.8 percent as of 0941 GMT.

($1 = 64.1075 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)