Vedanta Q2 net profit falls 62% to Rs 824 cr over one-time tax expense

In a statement, the company said the tax expense for the quarter was at Rs 2,370 crore.

Vedanta on Friday reported a 61.8 per cent decline in consolidated net profit at Rs 824 crore for the quarter ended September 30, 2020 on the back of one-time tax expense.

The company posted a net profit of Rs 2,158 crore in the year-ago period, Vedanta said in a filing to BSE.

Income during July-September declined to Rs 21,744 crore from Rs 22,814 crore in the year-ago period, the filing said.

The company said in a statement the tax expense for the quarter was at Rs 2,370 crore.

"EBITDA for Q2 FY2021 was at Rs 6,531 crore, higher by 63