Vedanta Ltd, the Indian unit of diversified energy group Vedanta Resources PLC, reported a doubling of quarterly consolidated profit on Tuesday, as higher zinc prices helped the company to reap improved margins. Consolidated profit came in at Rs 1,525 crore ($236.76 million) in the quarter ended June 30, with profit from zinc operations in India rising three-fold to Rs 1,815. The rise in zinc profits was offset by losses in the company's power and iron ore operations during the quarter. Shares of Vedanta, which produces zinc, lead, copper, iron ore, aluminium and oil and ...
Vedanta consolidated Q1 profit doubles, at Rs 1,525 cr
The rise in zinc profits was offset by losses in the company's power and iron ore operations
Reuters Last Updated at July 25, 2017 18:00 IST