Metals and mining giant Vedanta Ltd Tuesday reported a 33.8 per cent decline in consolidated net profit to Rs 2,615 crore for the March 2018 quarter, on the back of lower income.
It had posted a consolidated net profit of Rs 3,956 crore in the corresponding quarter of FY'18, the company said in a filing to the BSE.
The net profit is "after taxes, non-controlling interests and share in profit of jointly-controlled entities and associates but before exceptional items."
Vedanta Ltd Chairman Navin Agarwal said, "FY2019 was a year of production ramp-up alongside robust financials and delivering repeated and industry leading returns to our shareholders."
Vedanta Chief Executive Officer Srinivasan Venkatakrishnan said, "We continue to consolidate our position as one of the largest diversified natural resource businesses in the world by having excellent talent operate our long-life, high-growth, low-cost assets with a hunger for technology and modernisation."
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