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Vedanta Q3 profit falls 21% to Rs 1,574 cr on smelter shutdown, price drop

Revenue from operations for the quarter was Rs 23,669 cr compared with Rs 24,361 cr a year ago


FILE PHOTO: A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai | Photo: Reuters

Indian miner Vedanta Ltd posted on Thursday a 21.1 per cent fall in third-quarter profit, hit by a drop in commodity prices and shutdown of its copper smelter in south India. 

Profit came in at Rs 1,574 crore ($221.38 million) for three months ended December 31, compared with Rs 1,994 crore a year earlier, the company said.  

Analysts on average expected Vedanta to post a profit of Rs 1,431 crore, according to Thomson Reuters Refinitive data.

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First Published: Jan 31 2019 | 5:31 PM IST

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