Vedanta Q3 PAT jumps over four-fold to Rs 1,866 crore

Higher revenues lend strong support for 83 per cent rise in yoy EBITDA

Anil Agarwal-led Vedanta Ltd today reported a lower-than-expected consolidated net profit of Rs 1,866 crore in the December quarter mainly on the back of higher net sales. The reported bottomline, however, was a more than four-fold jump from Rs 411 crore in same period last year as it hit the highest level in eight quarters.

Net sales of the company stood at Rs 20,296 crore in the period under review, up 30 percent from the corresponding period last year as performance of all its businesses remained upbeat.

As per Bloombergy estimates, Vendanta's topline was seen at Rs 19,393 crore in the quarter