Vedanta Ltd consolidated Q3 net profit at Rs 3,017 crore, up 35% YoY

Net sales up on higher commodity prices, rupee depreciation, increased volumes at Zinc India and iron ore business

Anil Agarwal-led Vedanta Limited reported consolidated net profit of Rs 3,017 crore in the December quarter, up 35 percent from same period last year on the back of higher revenues.

The company’s net sales in the period under review stood at Rs 22,498 crore, up 6.4 percent from the corresponding period last year as company’s aluminium and zinc India business lent firm support to the topline.

Net sales were up on higher commodity prices, rupee depreciation and increased volumes at Zinc India and iron Ore business, partially offset by lower volumes at Oil and Gas business, lower power sales in