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( 01 Aug 2018)
Vedanta Q1 profit nearly flat at Rs 1,533 cr

Metals and mining giant Vedanta Ltd today posted nearly flat consolidated net profit at Rs 1,533 crore, up barely 2.13 per cent, for the first quarter ended June 30, 2018-19.

It had posted net profit of Rs 1,501 crore in the April-June period of 2017-18, Vedanta Ltd said in a filing to BSE.

The net profit is after after taxes, non-controlling interests and share in profit of jointly controlled entities and associates but before exceptional items, it said.

The consolidated total income during the first quarter of the current fiscal increased to Rs 22,624 core, as against Rs 20,431 crore in the year-ago period.

Vedanta Ltd is a diversified natural resources company whose business primarily involves producing oil and gas, iron ore, aluminium and commercial power among others.