Vedanta Q4 PAT at Rs 2,615 cr, down 34% yoy on Tuticorin plant shutdown

Revenues dip 15% to Rs 23,092 cr, as lower commodity prices add to pressure on top line

Anil Agarwal-led Vedanta Ltd today reported a consolidated net profit of Rs 2,615 crore for March quarter, down 34 per cent from same period last year on the back of lower revenues which declined as copper smelter at Tuticorin remained shut.

In the period under review, Vedanta's top line of Vedanta was higher than expected at Rs 23,092 crore, down 15 per cent from same period last year partly due to lower commodity prices and shutdown of the copper smelter which normally contributes about 20 per cent to the company's total revenue.

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