Vedanta profit rises fivefold to Rs 4,615 crore on low-base effect

Low base effect drives better YoY show, bottom line up 9.2% sequentially

Anil Agarwal-led Vedanta re­ported consolidated net profit of Rs 4,615 crore in the July-September quarter, up more than five times from the corresponding period last year at Rs 838 crore on a low-base effect. Sequentially, net profit was up 9.2 per cent from Rs 4,224 crore.

The company’s top line, in the period under review, stood at Rs 30,048 crore, up 44 per cent from the same period last year on the back of high commodity prices. The qua­rterly revenue was a record for the company.

“High commodity prices have placed Vedanta in a strong position and we are benefitting from this