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Vedanta reports 6% rise in Q1 consolidated net profit

28 Jul 2022 Evaluate

Vedanta has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 49.82% in its net profit at Rs 1,674 crore for the quarter under review as compared to Rs 3,336 crore for the same quarter in the previous year. However, total income of the company increased by 25.98% at Rs 18,087 crore for Q1FY23 as compared Rs 14,357 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 5.87% in its net profit at Rs 5,592 crore for the quarter under review as compared to Rs 5,282 crore for the same quarter in the previous year. Total income of the company increased by 35% at Rs 39,355 crore for Q1FY23 as compared Rs 29,151 crore for the corresponding quarter previous year.

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