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