Vedanta pre-tax profit down 57% at Rs 1,122 crore in Q2 on low revenue

the company's topline stood at Rs 21,739 crore, down 3 percent from last on the back of weak commodity prices

Metals and mining conglomerate Vedanta reported a consolidated pre-tax profit of Rs 1,122 crore for its Indian arm in the September quarter, down 57 per cent from the same period last year as lower revenues and a one-time impairment charge hit performance.

Revenue was Rs 21,739 crore, down three per cent from a year before, on the back of weak commodity prices, said the company. A net exceptional loss due to the one-time impairment charge stood at Rs 422 crore. 

The exceptional item was a charge of Rs 504 crore relating to impairment at Avanstrate Inc, partially offset by accrual of interest