Vedanta Ltd on Friday reported a 40.8 per cent drop in consolidated net profit to Rs 2,464 crore for the third quarter ending December 2022 on higher input costs. The company posted a consolidated net profit of Rs 4,164 crore in the same period a year ago, Vedanta Ltd said in a statement.
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However, the company’s consolidated income in the October-December period increased marginally by 0.4 percent to Rs 34,818 crore from Rs 34,674 crore a year ago.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltdis a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel and aluminum and energy in India, South Africa and Namibia.
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