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

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.