Vedanta Q1 revenue falls marginally

Consolidated profit rose to Rs 866 crore

Reuters Mumbai
Last Updated : Jul 29 2015 | 5:10 PM IST

Mining and energy group Vedanta Ltd posted a marginal fall in revenue for the quarter ended June 30, hurt by continued decline in commodity prices.

However, consolidated net profit for the quarter, its fiscal first, rose 131% to Rs 866 crore ($135.61 million), compared with Rs 376 crore a year earlier.

The year-ago figure included a one-time gain of Rs 2,128 crore.

Consolidated net sales fell marginally to Rs 16,952 crore at Vedanta, which has interests in oil and gas, iron ore, zinc, copper, power and aluminium.

($1 = 63.8600 rupees)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 29 2015 | 3:42 PM IST

Next Story