Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Anil Agarwal-led Vedanta Limited reported a consolidated net profit of Rs 6,531 crore in the March quarter as against a loss of Rs 12,521 crore in the corresponding period last year on the back of increased sales. Net sales of the company stood at Rs 27,874 crore in the period under review, up 42 per cent from same period last year led by higher volume at aluminium business, zinc India, iron ore business, higher power sales at TSPL and improved commodity prices. As per Bloomberg estimates, the company’s topline was seen at Rs 24,968 crore in the March quarter, while the bottomline was expected to be at Rs 5,360 crore.
Anil Agarwal-led Vedanta Limited reported consolidated net profit of Rs 3,017 crore in the December quarter, up 35 percent from same period last year on the back of higher revenues. The company’s net sales in the period under review stood at Rs 22,498 crore, up 6.4 percent from the corresponding period last year as company’s aluminium and zinc India business lent firm support to the topline. Net sales were up on higher commodity prices, rupee depreciation and increased volumes at Zinc India and iron Ore business, partially offset by lower volumes at Oil and Gas business, lower power sales in Talwandi SAbo Power Limited, said the company release today.