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01 December, 2020 23:15 IST
Vedanta Q4 earnings surges 81% y-o-y to Rs 48.02 bn
Source: IRIS | 03 May, 2018, 06.28PM
Rating: NAN / 5 stars.
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Vedanta, one of the largest diversified natural resources companies, reported a 81% YoY rise in consolidated profit at Rs 48.02 billion for March quarter against a profit of Rs 26.47 billion in the same quarter last year.

The profit included a one-time exceptional gain of Rs 28.69 crore on reversal of previously recorded impairment of Rs 70.16 billion in the company's oil and gas business.

Consolidated revenue for the quarter rose 17% to Rs 276.30 billion due higher volume from oil & gas, aluminium, domestic copper business and improved commodity prices.

The company said it is seeing progress on the key growth projects, which are expected to result in enhanced recovery of resources.

Shares of the company gained Rs 2.9, or 1.02%, to settle  at  Rs 286.35.  The total volume of shares traded  was  888,441 at  the BSE (Thursday).

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