Vedanta Ltd first-quarter consolidated profit more than doubles

REUTERS - Vedanta Ltd , the Indian unit of diversified energy group Vedanta Resources PLC , reported a 102 percent jump in quarterly consolidated profit, driven by better margins across most of the metals the company mines.

Consolidated profit stood at 15.25 billion rupees ($236.76 million) in the quarter ended June 30, compared with 7.54 billion rupees a year earlier, the metals and mining group said on Tuesday. http://bit.ly/2uwvYsK

Analysts on average expected Vedanta to post a consolidated profit of 16.31 billion rupees, according to Thomson Reuters data.

Shares of the company were up 4 percent as of 0952 GMT.

($1 = 64.4100 Indian rupees)

 

(Reporting By Samantha Kareen Nair in Bengaluru; Editing by Vyas Mohan)