Vedanta’s net revenue from operations for the quarter grew nearly 23% to Rs27,630 crore. Photo: Reuters
Bengaluru: Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, posted an 81% surge in quarterly profit on Thursday, helped by higher volumes and favourable commodity prices.
Net profit came in at Rs4,802 crore ($721.02 million) for the three months ended 31 March, compared with Rs2,647 crore a year earlier, the company said in a statement.
Net revenue from operations (net of excise duty) for the quarter grew nearly 23% to Rs27,630 crore driven by higher volumes from oil & gas, aluminium, copper India business and improved commodity prices, Vedanta said. Reuters