Vedanta Q4 net profit drops 10% to Rs 5,799 crore, but Ebitda highest ever

Mining and metals major Vedanta’s consolidated net profit for the March quarter (Q4) dropped 10 per cent year-on-year (YoY) to Rs 5,799 crore. However, its revenue from operations (net sales) jumped 41 per cent YoY to Rs 39,342 crore for the same period, supported by higher sales volumes and improved commodity prices.
 
The company reported an exceptional loss of Rs 330 crore in Q4, mainly in its copper division, which contributed to the drop in its net profit for the period.
 
Consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) in Q4 jumped 51 per cent, the highest