Vedanta posts Q4 profit of Rs6,432 cr

Tribune Web Desk

Updated At : 02:33 PM May 14, 2021 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

New Delhi, May 13

Vedanta Ltd on Thursday reported a consolidated profit of Rs 6,432 crore for March quarter 2020-21 on the back of various factors, including better volumes and lower cost of production.

The company’s income in the period under review increased to Rs 29,065 crore from Rs 20,382 crore in the same period a year ago.

Vedanta Group CEO Sunil Duggal said the company’s businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption.

Revenue in the quarter was at Rs 27,874 crore, higher 24% quarter-on-quarter (q-o-q) and 43% year-on-year primarily due to higher volume at aluminium business, Zinc India and iron ore business among others, the company said. — PTI

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles