Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses

Vedanta Ltd on Friday reported a 49.1 per cent rise in its consolidated profit at Rs 2,348 crore for the December 2019 quarter, on the back of lower expenses.

The company had posted the profit of Rs 1,574 crore in the October-December period of the previous financial year, Vedanta Ltd said in a filing to the BSE.

The profit is "attributable to owners of Vedanta Ltd", the filing said.

In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)".

However, the company had posted a decline in consolidated income at Rs 22,007 crore in the