 "Vedanta")
Vedanta’s trend of improving profitability continued in the December quarter as the company reported its highest operating profit margin in at least seven quarters. While operating performance was led by the zinc and aluminium segments, better cost controls and improving volumes contributed to profit growth.
During the quarter, average zinc prices on the London Metal Exchange at $2,511 were up 56 per cent year-on-year (y-o-y), while aluminium, lead, copper increased in the 8-28 per cent range over the same period. Even international iron ore prices have continued to firm up, helping Vedanta.
Zinc production and profitability led by Hindustan Zinc
