Vedanta disclosed a steep drop in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 35.44% to Rs 8,659.40 million from Rs 13,412.30 million in the same quarter last year.
Revenues for the quarter declined marginally 0.70% to Rs 170,168.60 million, compared with Rs 171,366.60 million for the prior year period.
Operating margin for the quarter stood at 13.37 percent as compared to 20.64 percent for the previous year period. Operating Income for the quarter was Rs 22,745.20 million, compared with Rs 35374.6 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.92, registering 2.30 times growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 170,168.60 | 171,366.60 | (0.70) |
| Net Profit | 8,659.40 | 13,412.30 | (35.44) |
| Diluted EPS | 2.92 | 1.27 | 129.92 |
Shares of the company gained Rs 1.3, or 1.01%, to trade at Rs 129.75. The total volume of shares traded was 1,028,650 at the BSE (3.31 p.m., Wednesday).
