Vedanta posts Q4 net profit of Rs 1,441.00 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit during the quarter stood at Rs 1,441.00 crore compared to net loss of Rs 10286.00 crore in the previous year quarter. Net revenue of the company rose substantially by 47.49 per cent at Rs 12,305.00 crore in January-March quarter of this fiscal as against Rs 8,343.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 37.94 per cent to Rs 9,329.00 crore from Rs 6,763.00 crore in year ago period. Other Income dipped by 3.26 per cent at Rs 178.00 crore versus (Mar'20 Rs 184.00 crore).
Operating Profit surged by 75.78 per cent to Rs 2,976.00 crore as against Rs 1,693.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.22 per cent in March quarter. Interest grew by 11.68 per cent y-o-y to Rs 813.00 crore, while Taxation increased by 100.67 per cent at Rs 14.00 crore (Mar'20 Rs -2,082.00 crore).
.jpg)
