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Vedanta Q4 profit down 46%, beats estimates on global zinc demand
Vedanta on Tuesday reported a 45.54 per cent drop in profit at Rs 2,615 crore (attributable to shareholders), which was better than Rs 1,532 crore estimated by analysts at an ET NOW poll. The Anil Agarwal-led company had reported Rs 4,802 crore profit in the year-ago period. Revenue fell 15.44 per cent YoY to Rs 23,092 crore from Rs 27,311 crore YoY. The figure was down 1 per cent sequentially on lower commodity prices, rupee appreciation and lower volume at Aluminium and Zinc India business that was partially offset by higher sales volume at ESL, Zinc International and Iron ore Karnataka.
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