Vedanta Q1 revenue falls marginally

Consolidated profit rose to Rs 866 crore

Mining and energy group Vedanta Ltd posted a marginal fall in revenue for the quarter ended June 30, hurt by continued decline in commodity prices.

However, consolidated net profit for the quarter, its fiscal first, rose 131% to Rs 866 crore ($135.61 million), compared with Rs 376 crore a year earlier.

The year-ago figure included a one-time gain of Rs 2,128 crore.

Consolidated net sales fell marginally to Rs 16,952 crore at Vedanta, which has interests in oil and gas, iron ore, zinc, copper, power and aluminium.

($1 = 63.8600 rupees)