Bengaluru: Vedanta Ltd, the Indian unit of diversified energy group Vedanta Resources PLC, reported a consolidated quarterly profit, as revenue surged, driven by improved commodity prices and higher zinc volumes.
Consolidated net profit stood at Rs2,988 crore in the fourth quarter ended 31 March, compared with a loss of Rs21.104 crore a year earlier, the metals and mining group said on Monday.
Analysts on average expected Vedanta, which recently completed the buyout of Cairn India Ltd, to post a profit of Rs2,667 crore, according to Thomson Reuters data.
Consolidated revenue surged about 35% to Rs24,612 crore. Reuters