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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


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

Indian miner Ltd posted on Thursday a 21.1 per cent fall in third-quarter profit, hit by a drop in 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.

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

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

First Published: Thu, January 31 2019. 17:31 IST